# PPP loan: TRUE NORTH EQUIPMENT CO.
> **$2.28M** approved 04/05/2020 · Paid in Full · Loan `5143207006`
## Borrower
- **Name:** TRUE NORTH EQUIPMENT CO.
- **Address:** 4325 18th South, GRAND FORKS, ND, 58201-3735
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.28M
- **Initial approval:** $2.28M
- **Forgiven:** $2.31M (101%)
- **Forgiveness date:** 07/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.28M
- **Jobs reported:** 166
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*