PPP Loan information for Bergstrom electric inc

$1,862,000

Bergstrom electric inc was initially approved for PPP Loan of amount $1,862,000, the current approved amount is $1,862,000. The loan was approved on 04/12/2020 by The Alerus Financial, National Association reported 115 jobs and $1,862,000 was used to fund payroll.

Bergstrom electric inc is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / Bergstrom electric inc

BERGSTROM ELECTRIC INC

Date Approved

04/12/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

BERGSTROM ELECTRIC INC

Borrower Address

3100 N Washington st

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58203-1224

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1862000.00

Current Approval Amount

1862000.00

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

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

58203-1224

CD

ND-

Jobs Reported

115

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10453.00

Payroll Proceed

1645936.00

Mortgage Interest Proceed

0.00

Rent Proceed

37160.00

Refinance EIDL Proceed

0.00

Health Care Proceed

123511.00

Debt Interest Proceed

44940

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1876327.06

Forgiveness Date

01/20/2021

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