# PPP loan: EON, INC.
> **$1.25M** approved 04/15/2020 · Paid in Full · Loan `2222517206`
## Borrower
- **Name:** EON, INC.
- **Address:** 1200 South Broadway Street, NEW ULM, MN, 56073
- **NAICS:** 623110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.25M
- **Initial approval:** $1.25M
- **Forgiven:** $1.26M (101%)
- **Forgiveness date:** 01/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $939K
- **Mortgage interest:** $188K
- **Utilities:** $125K
- **Jobs reported:** 229
## 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*