ELITE MOTORS LLP (ND) - 2020 PPP Loan Borrower Profile (# 4771287004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ELITE MOTORS LLP. 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

4771287004

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$22,423

Date Loan was Approved

Apr 4, 2020

Amount Forgiven

$22,589.93

Date Loan was Forgiven

Jan 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

17,923

Debt Interest Proceed

2,500

Lender

VISIONBank

Business Detail

Business Type

Limited Liability Partnership

NAICS

441120

Borrower Location

FARGO, ND

Project Location

FARGO, ND

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.