# PPP loan: HOUSING ALTERNATIVES DEVELOPMENT COMPANY
> **$756K** approved 04/07/2020 · Paid in Full · Loan `7078317006`
## Borrower
- **Name:** HOUSING ALTERNATIVES DEVELOPMENT COMPANY
- **Address:** 18336 MINNETONKA BLVD, DEEPHAVEN, MN, 55391-3232
- **NAICS:** 531311
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $756K
- **Initial approval:** $756K
- **Forgiven:** $764K (101%)
- **Forgiveness date:** 05/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Mortgage interest:** $100K
- **Utilities:** $6K
- **Jobs reported:** 165
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*