PPP Loan information for Mcfarlane, inc.

$434,700

Mcfarlane, inc. was initially approved for PPP Loan of amount $434,700, the current approved amount is $434,700. The loan was approved on 04/14/2020 by The Alerus Financial, National Association reported 32 jobs and $434,700 was used to fund payroll.

Mcfarlane, inc. is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / Mcfarlane, inc.

MCFARLANE, INC.

Date Approved

04/14/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

MCFARLANE, INC.

Borrower Address

3473 N WASHINGTON ST PO Box 12095

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58203-1217

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

434700.00

Current Approval Amount

434700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRAND FORKS

Project County Name

GRAND FORKS

Project State

ND

Project Zip

58203-1217

CD

ND-

Jobs Reported

32

NAICS Code

238220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

54400.00

Payroll Proceed

326000.00

Mortgage Interest Proceed

0.00

Rent Proceed

54300.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

437102.92

Forgiveness Date

11/03/2020

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