ALBN, INC. (ND) - 2020 PPP Loan Borrower Profile (# 8656117002)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBN, 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

8656117002

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$64,000

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$64,451.56

Date Loan was Forgiven

Dec 21, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

5,120

Payroll Proced

51,200

Rent Proceed

7,680

Lender

Merchants Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

511110

Borrower Location

RUGBY, ND

Project Location

RUGBY, ND

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.