BURKE DIVIDE ELECTRIC COOPERATIVE INC (ND) - 2020 PPP Loan Borrower Profile (# 4040287305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BURKE DIVIDE ELECTRIC COOPERATIVE 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

4040287305

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$900,000

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$909,450

Date Loan was Forgiven

May 21, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

25,000

Payroll Proced

850,000

Mortgage Interest Proceed

25,000

Lender

Dacotah Bank

Business Detail

Business Type

Cooperative

NAICS

221118

Borrower Location

COLUMBUS, ND

Project Location

COLUMBUS, ND

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.