# PPP loan: LANDFALL DEVELOPMENT CORP.
> **$232K** approved 02/23/2021 · Paid in Full · Loan `3386188505`
## Borrower
- **Name:** LANDFALL DEVELOPMENT CORP.
- **Address:** 4005 W Michigan St, Duluth, MN, 55807-2708
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $232K
- **Utilities:** $1
- **Jobs reported:** 72
## 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*