# PPP loan: HOIBERG CONSTRUCTION, INC
> **$226K** approved 04/11/2020 · Paid in Full · Loan `3165397106`
## Borrower
- **Name:** HOIBERG CONSTRUCTION, INC
- **Address:** 1107 55TH AVE S, FARGO, ND, 58104-6455
- **NAICS:** 238110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Rent:** $28K
- **Utilities:** $28K
- **Jobs reported:** 14
## 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*