DAKOTA SALES CO. INC. (ND) - 2020 PPP Loan Borrower Profile (# 7291877107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to DAKOTA SALES CO. 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

7291877107

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$347,500

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$349,353.33

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

43,400

Payroll Proced

260,700

Health Care Proceed

43,400

Lender

Alerus Financial, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

424810

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.