# PPP loan: SIOUX FALLS FORD, INC.
> **$2.26M** approved 04/06/2020 · Paid in Full · Loan `6242117003`
## Borrower
- **Name:** SIOUX FALLS FORD, INC.
- **Address:** 4901 W. 26th Street, SIOUX FALLS, SD, 57106-3529
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.26M
- **Initial approval:** $2.26M
- **Forgiven:** $2.29M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.70M
- **Rent:** $283K
- **Utilities:** $283K
- **Jobs reported:** 169
## 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*