# PPP loan: FUNCTIONAL INDUSTRIES INC
> **$571K** approved 01/21/2021 · Paid in Full · Loan `2808768302`
## Borrower
- **Name:** FUNCTIONAL INDUSTRIES INC
- **Address:** 1803 Highway 25 N, Buffalo, MN, 55313
- **NAICS:** 624310
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $571K
- **Initial approval:** $571K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $571K
- **Utilities:** $1
- **Jobs reported:** 102
## Lender
- **Originating:** CorTrust Bank National Association
- **Servicing:** CorTrust Bank National Association (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*