# PPP loan: COTTAGES, LLC
> **$420K** approved 01/17/2021 · Paid in Full · Loan `1427738306`
## Borrower
- **Name:** COTTAGES, LLC
- **Address:** 1845 Austin Rd, Owatonna, MN, 55060-4611
- **NAICS:** 623312
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 12/09/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Utilities:** $1
- **Jobs reported:** 52
## Lender
- **Originating:** Community Bank Mankato
- **Servicing:** Community Bank Mankato (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*