PPP Loan information for Valley petroleum equipment, inc

$230,500

Valley petroleum equipment, inc was initially approved for PPP Loan of amount $230,500, the current approved amount is $230,500. The loan was approved on 04/05/2020 by The Bremer Bank, National Association reported 18 jobs and $230,500 was used to fund payroll.

Valley petroleum equipment, inc is Existing or more than 2 years old

PPP Loan Search / ND / GRAND FORKS / Valley petroleum equipment, inc

VALLEY PETROLEUM EQUIPMENT, INC

Date Approved

04/05/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

VALLEY PETROLEUM EQUIPMENT, INC

Borrower Address

5510 10th Ave N

Borrower City

GRAND FORKS

Borrower State

ND

Borrower Zip

58203-1705

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

230500.00

Current Approval Amount

230500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38908

Servicing Lender Name

Bremer Bank, National Association

Servicing Lender Address

372 St. Peter St

Servicing Lender City

SAINT PAUL

Servicing Lender State

MN

Servicing Lender Zip

55102-1302

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND FORKS

Project County Name

GRAND FORKS

Project State

ND

Project Zip

58203-1705

CD

ND-

Jobs Reported

18

NAICS Code

237120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

230500.00

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

Corporation

Originating Lender Location Id

38908

Originating Lender

Bremer Bank, National Association

Originating Lender City

SAINT PAUL

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

232306.11

Forgiveness Date

01/20/2021

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