PPP Loan information for Karm co.

$55,825

Karm co. was initially approved for PPP Loan of amount $55,825, the current approved amount is $55,825. The loan was approved on 01/28/2021 by The Gate City Bank reported 34 jobs and $55,825 was used to fund payroll.

Karm co. is Existing or more than 2 years old

KARM CO.

Date Approved

01/28/2021

SBA Office Code

0875

Processing Method

PPS

Borrower Name

KARM CO.

Borrower Address

405 Broadway

Borrower City

Mooreton

Borrower State

ND

Borrower Zip

58061-4109

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

55825.00

Current Approval Amount

55825.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77898

Servicing Lender Name

Gate City Bank

Servicing Lender Address

500 2nd Ave N

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58102-4864

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mooreton

Project County Name

RICHLAND

Project State

ND

Project Zip

58061-4109

CD

ND-

Jobs Reported

34

NAICS Code

111998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

55823.00

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

Subchapter S Corporation

Originating Lender Location Id

77898

Originating Lender

Gate City Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

56110.33

Forgiveness Date

08/09/2021

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