PPP Loan information for True north equipment co.

$2,276,600

True north equipment co. was initially approved for PPP Loan of amount $2,276,600, the current approved amount is $2,276,600. The loan was approved on 04/05/2020 by The Bremer Bank, National Association reported 166 jobs and $2,276,600 was used to fund payroll.

True north equipment co. is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / True north equipment co.

TRUE NORTH EQUIPMENT CO.

Date Approved

04/05/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

TRUE NORTH EQUIPMENT CO.

Borrower Address

4325 18th South

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58201-3735

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2276600.00

Current Approval Amount

2276600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND FORKS

Project County Name

GRAND FORKS

Project State

ND

Project Zip

58201-3735

CD

ND-

Jobs Reported

166

NAICS Code

423820

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2276600.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2306164.61

Forgiveness Date

07/27/2021

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