Hope Electric, Inc.
$750,000 PPP Loan in Hope, North Dakota
Loan Details
- Loan Number
- 6388017000
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $750,000
- Current Approval
- $750,000
- Forgiveness Amount
- $756,041
- Forgiveness Date
- Feb 2, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Hope Electric, Inc.
- Address
- 801 Steele Ave
- City
- Hope
- State
- North Dakota
- ZIP Code
- 58046-4622
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 50
- Estimated Revenue
- $16.5M
- Rural/Urban
- Rural
- Congressional District
- ND-
Loan Use Breakdown
- Payroll
- $577,122
- Rent
- $10,000
- Utilities
- $5,000
- Health Care
- $151,678
- Debt Interest
- $6,200
Lender Information
- Servicing Lender
- Dakota Heritage Bank
- Originating Lender
- Dakota Heritage Bank
Other PPP Loans in Hope, ND
| Business | Approved | |
|---|---|---|
| Hope Electric Inc. | $826,300 |  Research |
| La Rinascente Pasta LLC | $99,650 | Research |
| Keith Ihry | $96,193 | Research |
| Farmer Union Oil Co. of Hope | $51,666 | Research |
| Mewes Farms INC | $50,800 | Research |
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