# PPP loan: JACK & JIM'S INC.
> **$226K** approved 04/11/2020 · Paid in Full · Loan `3282057108`
## Borrower
- **Name:** JACK & JIM'S INC.
- **Address:** 11025 DUELM RD NE, FOLEY, MN, 56329-9518
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $226K
- **Initial approval:** $226K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $169K
- **Mortgage interest:** $56K
- **Jobs reported:** 31
## 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*