Loren Richards INC

$555,800 PPP Loan in Fargo, North Dakota

Loan Details

Loan Number
6731777101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$555,800
Current Approval
$555,800
Forgiveness Amount
$559,142
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Loren Richards INC
Address
510 40th St N
City
Fargo
ZIP Code
58102-3961
Business Type
Subchapter S Corporation
Industry (NAICS)
Transportation and Warehousing (484110)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$5.3M
Rural/Urban
Urban
Congressional District
ND-

Loan Use Breakdown

Payroll
$416,800
Rent
$69,500
Utilities
$69,500

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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