# PPP loan: NORED, INC.
> **$6.18M** approved 04/10/2020 · Paid in Full · Loan `2164337103`
## Borrower
- **Name:** NORED, INC.
- **Address:** 800 31st AVE SW, MINOT, ND, 58701-3100
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $6.18M
- **Initial approval:** $6.18M
- **Forgiven:** $6.26M (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.25M
- **Rent:** $463K
- **Utilities:** $463K
- **Jobs reported:** 479
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*