# PPP loan: T.R.S. INDUSTRIES, INC.
> **$502K** approved 04/14/2020 · Paid in Full · Loan `7251697107`
## Borrower
- **Name:** T.R.S. INDUSTRIES, INC.
- **Address:** 1230 40TH ST N, FARGO, ND, 58102-2957
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $502K
- **Initial approval:** $502K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $377K
- **Health care:** $126K
- **Jobs reported:** 45
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*