PPP Loan information for Western distributing company

$189,000

Western distributing company was initially approved for PPP Loan of amount $189,000, the current approved amount is $189,000. The loan was approved on 04/04/2020 by The Cornerstone Bank reported 16 jobs and $189,000 was used to fund payroll.

Western distributing company is Existing or more than 2 years old

PPP Loan Search / ND / BISMARCK / Western distributing company

WESTERN DISTRIBUTING COMPANY

Date Approved

04/04/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

WESTERN DISTRIBUTING COMPANY

Borrower Address

120 W SWEET AVE

Borrower City

BISMARCK

Borrower State

ND

Borrower Zip

58504-5566

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

189000.00

Current Approval Amount

189000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52722

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

2280 45th St South

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58104-8785

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BISMARCK

Project County Name

BURLEIGH

Project State

ND

Project Zip

58504-5566

CD

ND-

Jobs Reported

16

NAICS Code

713290

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

189000.00

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

52722

Originating Lender

Cornerstone Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

190244.25

Forgiveness Date

12/08/2020

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