BUD & RALPH'S APPLIANCE SERVICE, INC. (ND) - 2020 PPP Loan Borrower Profile (# 3391547308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BUD & RALPH'S APPLIANCE SERVICE, 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

3391547308

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$80,645

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$81,199.57

Date Loan was Forgiven

Jan 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,064

Payroll Proced

60,484

Mortgage Interest Proceed

12,097

Lender

Frandsen Bank & Trust

Business Detail

Business Type

Corporation

NAICS

811412

Borrower Location

GRAND FORKS, ND

Project Location

GRAND FORKS, ND

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.