PPP Loan information for Home of economy, inc.

$1,312,587

Home of economy, inc. was initially approved for PPP Loan of amount $1,312,587, the current approved amount is $1,312,587. The loan was approved on 04/15/2020 by The United Valley Bank reported 157 jobs and $1,312,587 was used to fund payroll.

Home of economy, inc. is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / Home of economy, inc.

HOME OF ECONOMY, INC.

Date Approved

04/15/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

HOME OF ECONOMY, INC.

Borrower Address

1508 N Washington St

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58203-1458

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1312587.00

Current Approval Amount

1312587.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52701

Servicing Lender Name

United Valley Bank

Servicing Lender Address

211 Division Ave S

Servicing Lender City

CAVALIER

Servicing Lender State

ND

Servicing Lender Zip

58220

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

58203-1458

CD

ND-

Jobs Reported

157

NAICS Code

444130

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

76906.00

Payroll Proceed

1046841.00

Mortgage Interest Proceed

0.00

Rent Proceed

101486.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

87354

Business Type

Subchapter S Corporation

Originating Lender Location Id

52701

Originating Lender

United Valley Bank

Originating Lender City

CAVALIER

Originating Lender State

ND

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1319563.49

Forgiveness Date

11/03/2020

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