# PPP loan: NORMAN COUNTY IMPLEMENT, INC.
> **$262K** approved 04/07/2020 · Paid in Full · Loan `7305817004`
## Borrower
- **Name:** NORMAN COUNTY IMPLEMENT, INC.
- **Address:** 2099 State Hwy 9 N, ADA, MN, 56510-9301
- **NAICS:** 423820
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Rent:** $17K
- **Utilities:** $35K
- **Jobs reported:** 14
## Lender
- **Originating:** American Federal Bank
- **Servicing:** American Federal Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*