# PPP loan: LENORE INC
> **$150K** approved 04/10/2020 · Exemption 4 · Loan `1567897107`
## Borrower
- **Name:** LENORE INC
- **Address:** 123 CHESTNUT ST, VIRGINIA, MN, 55792-2508
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $135K (90%)
- **Forgiveness date:** 01/20/2021
- **Status:** Exemption 4
- **Term:** 59 months
## Use of funds
- **Payroll:** $120K
- **Rent:** $20K
- **Utilities:** $10K
- **Jobs reported:** 13
## Lender
- **Originating:** B2 Bank National Association
- **Servicing:** B2 Bank National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*