# PPP loan: ANOKA MOTOR COMPANY, LLC
> **$1.09M** approved 04/10/2020 · Paid in Full · Loan `2538907103`
## Borrower
- **Name:** ANOKA MOTOR COMPANY, LLC
- **Address:** 435 W Main St, ANOKA, MN, 55303-2019
- **NAICS:** 441110
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $1.09M
- **Initial approval:** $1.09M
- **Forgiven:** $1.03M (95%)
- **Forgiveness date:** 05/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $814K
- **Utilities:** $271K
- **Jobs reported:** 98
## 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*