# PPP loan: NORTHERN SALT INC.
> **$185K** approved 01/20/2021 · Paid in Full · Loan `2442548300`
## Borrower
- **Name:** NORTHERN SALT INC.
- **Address:** 20920 Forest Rd N, Forest Lake, MN, 55025-9767
- **NAICS:** 424690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $185K
- **Initial approval:** $185K
- **Forgiven:** $186K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $185K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*