PPP Loan information for Valley brake service inc.

$55,800

Valley brake service inc. was initially approved for PPP Loan of amount $55,800, the current approved amount is $55,800. The loan was approved on 04/14/2020 by The First United Bank reported 4 jobs and $55,800 was used to fund payroll.

Valley brake service inc. is Existing or more than 2 years old

PPP Loan Search / ND / GRAFTON / Valley brake service inc.

VALLEY BRAKE SERVICE INC.

Date Approved

04/14/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

VALLEY BRAKE SERVICE INC.

Borrower Address

441 W. 12TH ST

Borrower City

GRAFTON

Borrower State

ND

Borrower Zip

58237-2111

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55800.00

Current Approval Amount

55800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52926

Servicing Lender Name

First United Bank

Servicing Lender Address

503 Briggs Ave South

Servicing Lender City

PARK RIVER

Servicing Lender State

ND

Servicing Lender Zip

58270

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAFTON

Project County Name

WALSH

Project State

ND

Project Zip

58237-2111

CD

ND-

Jobs Reported

4

NAICS Code

811198

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

50000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5800.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52926

Originating Lender

First United Bank

Originating Lender City

PARK RIVER

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

56254.15

Forgiveness Date

02/04/2021

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