Acme Electric Motor, Inc.
$5,504,900 PPP Loan in Grand Forks, North Dakota
Loan Details
- Loan Number
- 5980737205
- Date Approved
- Apr 27, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $5,504,900
- Current Approval
- $5,504,900
- Forgiveness Amount
- $5,595,578
- Forgiveness Date
- Dec 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Acme Electric Motor, Inc.
- Address
- 1101 N Washington St
- City
- Grand Forks
- State
- North Dakota
- ZIP Code
- 58203-0734
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423710)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 473
- Estimated Revenue
- $144.9M
- Rural/Urban
- Urban
- Congressional District
- ND-
Loan Use Breakdown
- Payroll
- $4,128,675
- Rent
- $688,112
- Utilities
- $688,113
Lender Information
- Servicing Lender
- Alerus Financial, National Association
- Originating Lender
- Alerus Financial, National Association
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