# PPP loan: EIDE MOTORS, INC.
> **$299K** approved 04/03/2020 · Paid in Full · Loan `4566957005`
## Borrower
- **Name:** EIDE MOTORS, INC.
- **Address:** 1300 South Washington St., GRAND FORKS, ND, 58201-5435
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $258K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $268K
- **Rent:** $24K
- **Utilities:** $7K
- **Jobs reported:** 27
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*