# PPP loan: HOME OF ECONOMY, INC.
> **$1.31M** approved 04/15/2020 · Paid in Full · Loan `8743057104`
## Borrower
- **Name:** HOME OF ECONOMY, INC.
- **Address:** 1508 N Washington St, GRAND FORKS, ND, 58203-1458
- **NAICS:** 444130
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.31M
- **Initial approval:** $1.31M
- **Forgiven:** $1.32M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $101K
- **Utilities:** $77K
- **Debt interest:** $87K
- **Jobs reported:** 157
## Lender
- **Originating:** United Valley Bank
- **Servicing:** United Valley Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*