PPP Loan information for Structural materials inc.

$657,900

Structural materials inc. was initially approved for PPP Loan of amount $657,900, the current approved amount is $657,900. The loan was approved on 04/08/2020 by The Alerus Financial, National Association reported 52 jobs and $657,900 was used to fund payroll.

Structural materials inc. is Existing or more than 2 years old

PPP Loan Search / ND / FARGO / Structural materials inc.

STRUCTURAL MATERIALS INC.

Date Approved

04/08/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

STRUCTURAL MATERIALS INC.

Borrower Address

1401 40th St. NW

Borrower City

FARGO

Borrower State

ND

Borrower Zip

58107

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

657900.00

Current Approval Amount

657900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FARGO

Project County Name

CASS

Project State

ND

Project Zip

58107-0001

CD

ND-

Jobs Reported

52

NAICS Code

423320

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

82200.00

Payroll Proceed

493500.00

Mortgage Interest Proceed

0.00

Rent Proceed

82200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

652183.34

Forgiveness Date

12/10/2020

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