ABRASIVES INCORPORATED (ND) - 2020 PPP Loan Borrower Profile (# 4363317001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABRASIVES INCORPORATED. 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

4363317001

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$536,800

Date Loan was Approved

Apr 3, 2020

Amount Forgiven

$539,770.78

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

536,800

Lender

Choice Financial Group

Business Detail

Business Type

Corporation

NAICS

212321

Borrower Location

GLEN ULLIN, ND

Project Location

GLEN ULLIN, 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.