# PPP loan: VINCO INC
> **$2.82M** approved 04/09/2020 · Paid in Full · Loan `1106047107`
## Borrower
- **Name:** VINCO INC
- **Address:** 18995 Forest Blvd PO Box 907, FOREST LAKE, MN, 55025
- **NAICS:** 423610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.82M
- **Initial approval:** $2.82M
- **Forgiven:** $2.85M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.25M
- **Rent:** $282K
- **Utilities:** $282K
- **Jobs reported:** 221
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*