ARROW ELECTRIC INC (ND) - 2020 PPP Loan Borrower Profile (# 9407047009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARROW ELECTRIC 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

9407047009

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$477,500

Date Loan was Approved

Apr 9, 2020

Amount Forgiven

$482,991.25

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

9,550

Payroll Proced

429,749

Rent Proceed

38,201

Lender

BNC National Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

ARNEGARD, ND

Project Location

ARNEGARD, ND

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.