B & L GORMAN (ND) - 2020 PPP Loan Borrower Profile (# 2639497404)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B & L GORMAN. 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

2639497404

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$18,500

Date Loan was Approved

May 6, 2020

Amount Forgiven

$18,604.92

Date Loan was Forgiven

Dec 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,000

Payroll Proced

4,000

Mortgage Interest Proceed

1,000

Rent Proceed

8,500

Lender

Dakota Heritage Bank

Business Detail

Business Type

Partnership

NAICS

112111

Borrower Location

ADRIAN, ND

Project Location

ADRIAN, ND

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.