# PPP loan: PAAPE DISTRIBUTING COMPANY
> **$1.18M** approved 04/10/2020 · Paid in Full · Loan `2144457107`
## Borrower
- **Name:** PAAPE DISTRIBUTING COMPANY
- **Address:** 307 McKinzie St.South, MANKATO, MN, 56001-1800
- **NAICS:** 423730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $890K
- **Utilities:** $291K
- **Jobs reported:** 62
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*