# PPP loan: CONVENT AND THE ACADEMY OF THE VISITATION
> **$1.84M** approved 04/15/2020 · Paid in Full · Loan `1654587204`
## Borrower
- **Name:** CONVENT AND THE ACADEMY OF THE VISITATION
- **Address:** 2455 VISITATION DR, SAINT PAUL, MN, 55120-1677
- **NAICS:** 611110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.84M
- **Initial approval:** $1.84M
- **Forgiven:** $1.85M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.75M
- **Rent:** $55K
- **Utilities:** $37K
- **Jobs reported:** 170
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*