# PPP loan: P&L AUTOMOTIVE INC.
> **$318K** approved 03/31/2021 · Paid in Full · Loan `3715418700`
## Borrower
- **Name:** P&L AUTOMOTIVE INC.
- **Address:** 5625 W 78th St, Edina, MN, 55439-3123
- **NAICS:** 811111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $318K
- **Initial approval:** $318K
- **Forgiven:** $320K (101%)
- **Forgiveness date:** 11/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $318K
- **Jobs reported:** 35
## 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*