# PPP loan: FLAGSTAFF MOTOR COMPANY
> **$767K** approved 04/11/2020 · Paid in Full · Loan `3649397102`
## Borrower
- **Name:** FLAGSTAFF MOTOR COMPANY
- **Address:** 4960 E Marketplace Dr, FLAGSTAFF, AZ, 86004-2932
- **NAICS:** 423110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $767K
- **Initial approval:** $767K
- **Forgiven:** $776K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $96K
- **Utilities:** $96K
- **Jobs reported:** 73
## 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*