FIRST STATE INSURANCE AGENCY INC. (ND) - 2020 PPP Loan Borrower Profile (# 5056637400)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FIRST STATE INSURANCE AGENCY 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

5056637400

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$37,952

Date Loan was Approved

May 11, 2020

Amount Forgiven

$38,149.56

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,020

Payroll Proced

35,792

Rent Proceed

1,140

Lender

United Valley Bank

Business Detail

Business Type

Corporation

NAICS

524126

Borrower Location

CANDO, ND

Project Location

CANDO, ND

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.