# PPP loan: THE UND AEROSPACE FOUNDATION
> **$1.27M** approved 02/11/2021 · Paid in Full · Loan `7011248403`
## Borrower
- **Name:** THE UND AEROSPACE FOUNDATION
- **Address:** 4275 University Ave, Grand Forks, ND, 58202-6093
- **NAICS:** 611710
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.27M
- **Initial approval:** $1.27M
- **Forgiven:** $1.28M (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.27M
- **Jobs reported:** 146
## 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*