# PPP loan: T.F. POWERS CONSTRUCTION CO.
> **$247K** approved 04/08/2020 · Paid in Full · Loan `7779557000`
## Borrower
- **Name:** T.F. POWERS CONSTRUCTION CO.
- **Address:** 910 6th Avenue North, FARGO, ND, 58102-4431
- **NAICS:** 236220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $247K
- **Initial approval:** $247K
- **Forgiven:** $249K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $185K
- **Rent:** $31K
- **Utilities:** $31K
- **Jobs reported:** 20
## 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*