PPP Loan information for Bismarck motor company

$1,166,000

Bismarck motor company was initially approved for PPP Loan of amount $1,166,000, the current approved amount is $1,166,000. The loan was approved on 04/07/2020 by The Alerus Financial, National Association reported 80 jobs and $1,166,000 was used to fund payroll.

Bismarck motor company is Existing or more than 2 years old

PPP Loan Search / ND / BISMARCK / Bismarck motor company

BISMARCK MOTOR COMPANY

Date Approved

04/07/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

BISMARCK MOTOR COMPANY

Borrower Address

1100 57th Ave. NE

Borrower City

BISMARCK

Borrower State

ND

Borrower Zip

58503-6304

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1166000.00

Current Approval Amount

1166000.00

Undisbursed Amount

0.00

Franchise Name

Honda Automobile Division - Dealer Sales and Service Agreement

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

BISMARCK

Project County Name

BURLEIGH

Project State

ND

Project Zip

58503-6304

CD

ND-

Jobs Reported

80

NAICS Code

441110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

145800.00

Payroll Proceed

874500.00

Mortgage Interest Proceed

0.00

Rent Proceed

145700.00

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

1175068.89

Forgiveness Date

01/20/2021

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