# PPP loan: AMERICAN LUTHERAN HOMES INC
> **$5.13M** approved 04/30/2021 · Paid in Full · Loan `5434568909`
## Borrower
- **Name:** AMERICAN LUTHERAN HOMES INC
- **Address:** 201 University Dr S, Fargo, ND, 58103-1775
- **NAICS:** 523110
- **Business type:** 501(c)3 ¿ Non Profit
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.13M
- **Initial approval:** $5.13M
- **Forgiven:** $5.16M (100%)
- **Forgiveness date:** 10/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $5.13M
- **Utilities:** $1
- **Jobs reported:** 500
## 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*