# PPP loan: DAKOTA COMMERCIAL & DEVELOPMENT CO.
> **$262K** approved 04/08/2020 · Paid in Full · Loan `7878477006`
## Borrower
- **Name:** DAKOTA COMMERCIAL & DEVELOPMENT CO.
- **Address:** 615 1st Ave N Suite A, GRAND FORKS, ND, 58203-3601
- **NAICS:** 233110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $210K
- **Rent:** $25K
- **Utilities:** $27K
- **Jobs reported:** 24
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*