CHAD'S ELECTRIC INC. (ND) - 2020 PPP Loan Borrower Profile (# 4210448403)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CHAD'S 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

4210448403

SBA Office Code

0875

Processing Method

PPS

Curent Loan Amount

$50,368

Date Loan was Approved

Feb 6, 2021

Amount Forgiven

$50,660.55

Date Loan was Forgiven

Sep 17, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

50,368

Lender

Choice Financial Group

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

Ellendale, ND

Project Location

Ellendale, ND

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.