NORTHERN ARAPAHO ENTERPRISE 2
PPP Loan approved Apr 16, 2020 through First Interstate Bank
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $2,568,971.50 | 100.0% |
About This Loan
NORTHERN ARAPAHO ENTERPRISE 2 received a PPP loan of $2,568,972 approved on Apr 16, 2020. The loan was originated by First Interstate Bank.
NORTHERN ARAPAHO ENTERPRISE 2 is a corporation located in RIVERTON, Wyoming. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Public Administration industry (NAICS 921150), part of the Public Administration sector of the economy. The applicant reported 240 jobs as retained through this loan.
The SBA forgave $2,601,910.64 of this loan — 101.3% of the total approved amount, with forgiveness recorded on Jul 29, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $2,568,972 to payroll. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Wyoming, visit the Wyoming page. To compare this loan with others in the same industry, see the Public Administration industry page.