# PPP loan: DESIGNING DREAMS BY LORAMY INC.
> **$161K** approved 04/28/2020 · Paid in Full · Loan `1181497309`
## Borrower
- **Name:** DESIGNING DREAMS BY LORAMY INC.
- **Address:** 1221 4th Ave E #155, SHAKOPEE, MN, 55379
- **NAICS:** 624190
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $120K
- **Mortgage interest:** $24K
- **Utilities:** $16K
- **Jobs reported:** 37
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*