# PPP loan: ALC HOMES, INC.
> **$329K** approved 04/09/2020 · Paid in Full · Loan `9618357008`
## Borrower
- **Name:** ALC HOMES, INC.
- **Address:** 7376 200TH AVE, ROYALTON, MN, 56373-3614
- **NAICS:** 621399
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $329K
- **Initial approval:** $329K
- **Forgiven:** $331K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $263K
- **Rent:** $45K
- **Utilities:** $21K
- **Jobs reported:** 71
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*