# PPP loan: MINNESOTA MOTOR COMPANY
> **$755K** approved 04/05/2020 · Paid in Full · Loan `5276187006`
## Borrower
- **Name:** MINNESOTA MOTOR COMPANY
- **Address:** 1108 PEBBLE LAKE RD, FERGUS FALLS, MN, 56537-3851
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $755K
- **Initial approval:** $755K
- **Forgiven:** $762K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $729K
- **Utilities:** $15K
- **Health care:** $11K
- **Jobs reported:** 72
## Lender
- **Originating:** FM Bank
- **Servicing:** FM Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*