# PPP loan: KEN WASCHKE AUTO PLAZA, INC.
> **$496K** approved 04/10/2020 · Paid in Full · Loan `1661717106`
## Borrower
- **Name:** KEN WASCHKE AUTO PLAZA, INC.
- **Address:** 501 9TH ST NORTH, VIRGINIA, MN, 55792-2301
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $496K
- **Initial approval:** $496K
- **Forgiven:** $499K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $397K
- **Mortgage interest:** $25K
- **Utilities:** $74K
- **Jobs reported:** 34
## Lender
- **Originating:** Northern State Bank of Virginia
- **Servicing:** Northern State Bank of Virginia (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*