Date Approved
04/08/2020
SBA Office Code
0875
Processing Method
PPP
Borrower Name
RS ELECTRIC, LLC
Borrower Address
621 2nd Ave NE
Borrower City
HILLSBORO
Borrower State
ND
Borrower Zip
58045-4103
Loan Status Date
02/19/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
67900.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
52856
Servicing Lender Name
Dakota Heritage Bank
Servicing Lender Address
109 Main St
Servicing Lender City
HUNTER
Servicing Lender State
Servicing Lender Zip
58048
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
TRAILL
Project State
Project Zip
CD
ND-
Jobs Reported
8
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
3900.00
Payroll Proceed
57000.00
Mortgage Interest Proceed
Rent Proceed
3000.00
Refinance EIDL Proceed
Health Care Proceed
4000.00
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
68394.83
Forgiveness Date
01/07/2021