PPP Loan information for Jlg esop trust

$2,000,000

Jlg esop trust was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/20/2021 by The Alerus Financial, National Association reported 148 jobs and $2,000,000 was used to fund payroll.

Jlg esop trust is Existing or more than 2 years old

PPP Loan Search / ND / Grand Forks / Jlg esop trust

JLG ESOP TRUST

Date Approved

03/20/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

JLG ESOP TRUST

Borrower Address

124 N 3rd St

Borrower City

Grand Forks

Borrower State

ND

Borrower Zip

58203-3742

Loan Status Date

01/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Forks

Project County Name

GRAND FORKS

Project State

ND

Project Zip

58203-3742

CD

ND-

Jobs Reported

148

NAICS Code

541310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

Trust

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2014000.00

Forgiveness Date

12/07/2021

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