# PPP loan: NORTH HOMES INC
> **$2.92M** approved 04/13/2020 · Paid in Full · Loan `5332357102`
## Borrower
- **Name:** NORTH HOMES INC
- **Address:** 303 SE 1st St, GRAND RAPIDS, MN, 55744-3601
- **NAICS:** 621420
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.92M
- **Initial approval:** $2.99M
- **Forgiven:** $2.96M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.34M
- **Mortgage interest:** $385K
- **Utilities:** $200K
- **Jobs reported:** 250
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*