# PPP loan: KLAUSING GROUP  INC.
> **$510K** approved 01/21/2021 · Paid in Full · Loan `2947448300`
## Borrower
- **Name:** KLAUSING GROUP  INC.
- **Address:** 1356 Cahill Dr, Lexington, KY, 40504-1164
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $510K
- **Initial approval:** $510K
- **Forgiven:** $512K (100%)
- **Forgiveness date:** 06/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $510K
- **Utilities:** $1
- **Jobs reported:** 50
## Lender
- **Originating:** Fifth Third Bank
- **Servicing:** Fifth Third Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*