# PPP loan: INDUSTRIAL BUILDERS, INC.
> **$3.79M** approved 04/05/2020 · Paid in Full · Loan `5416687006`
## Borrower
- **Name:** INDUSTRIAL BUILDERS, INC.
- **Address:** 1307 County Rd 17 N., FARGO, ND, 58104
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.79M
- **Initial approval:** $3.79M
- **Forgiven:** $3.48M (92%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.85M
- **Rent:** $474K
- **Utilities:** $474K
- **Jobs reported:** 158
## 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*