# PPP loan: LIBERTYS RESTAURANT & LOUNGE
> **$270K** approved 02/03/2021 · Paid in Full · Loan `2240818409`
## Borrower
- **Name:** LIBERTYS RESTAURANT & LOUNGE
- **Address:** 303 W 3rd St, Red Wing, MN, 55066-2306
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $270K
- **Initial approval:** $270K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 01/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $270K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*