CHAD GUTTORMSON (ND) - 2020 PPP Loan Borrower Profile (# 8403398504)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHAD GUTTORMSON. 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

8403398504

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$27,700

Date Loan was Approved

Mar 9, 2021

Amount Forgiven

$27,807.01

Date Loan was Forgiven

Jul 30, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

27,697

Lender

Ultima Bank Minnesota

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

812990

Borrower Location

West Fargo, ND

Project Location

West Fargo, ND

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.