# PPP loan: SMR MANAGEMENT, INC.
> **$314K** approved 04/11/2020 · Paid in Full · Loan `2937337106`
## Borrower
- **Name:** SMR MANAGEMENT, INC.
- **Address:** 201 North Broad Street, Suite 109, MANKATO, MN, 56001-3521
- **NAICS:** 531312
- **Business type:** Corporation
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $235K
- **Mortgage interest:** $47K
- **Utilities:** $31K
- **Jobs reported:** 48
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*