FIRST COLLECTIONS INC (ND) - 2020 PPP Loan Borrower Profile (# 8434797001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FIRST COLLECTIONS 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

8434797001

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$83,605

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$84,129.54

Date Loan was Forgiven

Dec 2, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

83,605

Lender

First Community CU

Business Detail

Business Type

Corporation

NAICS

561440

Borrower Location

GRAND FORKS, ND

Project Location

GRAND FORKS, ND

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.