# PPP loan: THE SPRUCE VALLEY CORPORATION
> **$519K** approved 03/13/2021 · Paid in Full · Loan `1865778601`
## Borrower
- **Name:** THE SPRUCE VALLEY CORPORATION
- **Address:** 39469 130th Ave NE, Middle River, MN, 56737-9799
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $521K (100%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $519K
- **Jobs reported:** 39
## Lender
- **Originating:** Northern State Bank of Thief River Falls
- **Servicing:** Northern State Bank of Thief River Falls (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*