# PPP loan: NELSON AUTO CENTER INC.
> **$1.03M** approved 01/23/2021 · Paid in Full · Loan `4370228308`
## Borrower
- **Name:** NELSON AUTO CENTER INC.
- **Address:** 2228 College Way, Fergus Falls, MN, 56537-1062
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 02/15/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.03M
- **Utilities:** $1
- **Jobs reported:** 80
## Lender
- **Originating:** Bell Bank
- **Servicing:** Bell Bank (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*