# PPP loan: FEI, INC.
> **$1.30M** approved 04/29/2020 · Paid in Full · Loan `3725327302`
## Borrower
- **Name:** FEI, INC.
- **Address:** 913 14TH ST SW, VALLEY CITY, ND, 58072-4202
- **NAICS:** 423840
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.30M
- **Initial approval:** $1.30M
- **Forgiven:** $1.31M (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.24M
- **Rent:** $12K
- **Mortgage interest:** $40K
- **Utilities:** $10K
- **Jobs reported:** 82
## 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*