# PPP loan: LUNDE LINCOLN, INC.
> **$522K** approved 04/12/2020 · Paid in Full · Loan `3947957102`
## Borrower
- **Name:** LUNDE LINCOLN, INC.
- **Address:** 140 40th Street South, FARGO, ND, 58103-1152
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $522K
- **Initial approval:** $522K
- **Forgiven:** $525K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $391K
- **Rent:** $65K
- **Utilities:** $65K
- **Jobs reported:** 44
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*