Truenorth Steel, Inc.

$5,002,200 PPP Loan in West Fargo, North Dakota

Loan Details

Loan Number
4397957003
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$5,002,200
Current Approval
$5,002,200
Forgiveness Amount
$5,063,755
Forgiveness Date
Jul 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Truenorth Steel, Inc.
Address
702 13th Ave
ZIP Code
58078-3304
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332312)
Business Age
Existing or more than 2 years old
Jobs Reported
358
Estimated Revenue
$87.5M
Rural/Urban
Urban
Congressional District
ND-

Loan Use Breakdown

Payroll
$3,751,649
Utilities
$625,275
Mortgage Interest
$625,276

Lender Information

Servicing Lender
Cornerstone Bank
Originating Lender
Cornerstone Bank

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