# PPP loan: DOUG SPEEDLING BUILDERS, INC
> **$349K** approved 04/10/2020 · Paid in Full · Loan `2016407109`
## Borrower
- **Name:** DOUG SPEEDLING BUILDERS, INC
- **Address:** 1303 Eddy St, HASTINGS, MN, 55033-2700
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $349K
- **Initial approval:** $349K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Rent:** $16K
- **Debt interest:** $12K
- **Jobs reported:** 34
## Lender
- **Originating:** Vermillion State Bank
- **Servicing:** Vermillion State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*