AASEBY INDUSTRIAL MACHINING (ND) - 2020 PPP Loan Borrower Profile (# 1671257103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AASEBY INDUSTRIAL MACHINING. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in North Dakota.

Loan Detail

Loan Number

1671257103

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$183,400

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$184,434.17

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

22,900

Payroll Proced

137,600

Rent Proceed

22,900

Lender

Alerus Financial, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

332710

Borrower Location

WAHPETON, ND

Project Location

WAHPETON, ND

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.