# PPP loan: FORKS MOTORS, INC.
> **$188K** approved 04/11/2020 · Paid in Full · Loan `3592777107`
## Borrower
- **Name:** FORKS MOTORS, INC.
- **Address:** 2251 32ND AVE S, GRAND FORKS, ND, 58201-3602
- **NAICS:** 441120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $188K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $141K
- **Rent:** $24K
- **Utilities:** $23K
- **Jobs reported:** 15
## 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*