# PPP loan: SPIRIT PROPERTIES, INC
> **$155K** approved 04/13/2020 · Paid in Full · Loan `4882897100`
## Borrower
- **Name:** SPIRIT PROPERTIES, INC
- **Address:** 3518 Interstate Blvd S, FARGO, ND, 58103-2219
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $156K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $116K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 65
## 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*