# PPP loan: SERVICE MERCHANTS INC
> **$270K** approved 01/20/2021 · Paid in Full · Loan `1942108310`
## Borrower
- **Name:** SERVICE MERCHANTS INC
- **Address:** 918 Pendant Ln NW # 100, Rochester, MN, 55901-7072
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $271K (100%)
- **Forgiveness date:** 06/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*