# PPP loan: MOTT EQUITY EXCHANGE
> **$310K** approved 04/10/2020 · Paid in Full · Loan `1538677101`
## Borrower
- **Name:** MOTT EQUITY EXCHANGE
- **Address:** 509 Hwy 8, MOTT, ND, 58646-7286
- **NAICS:** 447110
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $311K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $40K
- **Jobs reported:** 38
## Lender
- **Originating:** Commercial Bank of Mott
- **Servicing:** Commercial Bank of Mott (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*