AMERICAN LUTHERAN HOMES INC (ND) - 2020 PPP Loan Borrower Profile (# 5434568909)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN LUTHERAN HOMES INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in North Dakota.

Loan Detail

Loan Number

5434568909

SBA Office Code

0875

Processing Method

PPP

Curent Loan Amount

$5,133,200

Date Loan was Approved

Apr 30, 2021

Amount Forgiven

$5,157,440.11

Date Loan was Forgiven

Oct 25, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

5,133,198

Lender

Alerus Financial, National Association

Business Detail

Business Type

501(c)3 ¿ Non Profit

NAICS

523110

Borrower Location

Fargo, ND

Project Location

Fargo, ND

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

500

Business Age Description

Existing or more than 2 years old

Data Source: SBA.