# PPP loan: PAR AIDE PRODUCTS CO
> **$535K** approved 04/11/2020 · Paid in Full · Loan `2838237105`
## Borrower
- **Name:** PAR AIDE PRODUCTS CO
- **Address:** 6800 Otter Lake Road, HUGO, MN, 55038-4427
- **NAICS:** 339920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $535K
- **Initial approval:** $535K
- **Forgiven:** $538K (101%)
- **Forgiveness date:** 11/24/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $401K
- **Utilities:** $134K
- **Jobs reported:** 37
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*