# PPP loan: ALEXANDRIA MOTOR COMPANY
> **$509K** approved 04/05/2020 · Paid in Full · Loan `5336097006`
## Borrower
- **Name:** ALEXANDRIA MOTOR COMPANY
- **Address:** 3710 South Hwy 29, ALEXANDRIA, MN, 56308
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $509K
- **Initial approval:** $509K
- **Forgiven:** $515K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $382K
- **Rent:** $64K
- **Utilities:** $64K
- **Jobs reported:** 46
## 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*