# PPP loan: NORTHERN MOTORS, INC.
> **$170K** approved 04/09/2020 · Paid in Full · Loan `9711977000`
## Borrower
- **Name:** NORTHERN MOTORS, INC.
- **Address:** 1112 3rd Street West, THIEF RIVER FALLS, MN, 56701-1773
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $172K (101%)
- **Forgiveness date:** 02/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $128K
- **Utilities:** $43K
- **Jobs reported:** 19
## Lender
- **Originating:** Northern State Bank of Thief River Falls
- **Servicing:** Northern State Bank of Thief River Falls (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*