ADVANCED BUSINESS METHODS, INC. (ND) - 2020 PPP Loan Borrower Profile (# 4789907107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED BUSINESS METHODS, INC.. 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

4789907107

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$1,056,800

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$1,063,082.09

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

127,225

Payroll Proced

802,350

Rent Proceed

127,225

Lender

Alerus Financial, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

423420

Borrower Location

WEST FARGO, ND

Project Location

WEST FARGO, ND

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.