# PPP loan: HAALA INDUSTRIES, INC.
> **$562K** approved 04/11/2020 · Paid in Full · Loan `2664777102`
## Borrower
- **Name:** HAALA INDUSTRIES, INC.
- **Address:** 1201 HWY 4 S, SLEEPY EYE, MN, 56085-5120
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $562K
- **Initial approval:** $562K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $540K
- **Rent:** $20K
- **Utilities:** $2K
- **Jobs reported:** 47
## Lender
- **Originating:** Arcadian Bank
- **Servicing:** Arcadian Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*