# PPP loan: THE CRADLE CLUB, INC.
> **$492K** approved 04/12/2020 · Paid in Full · Loan `3933457104`
## Borrower
- **Name:** THE CRADLE CLUB, INC.
- **Address:** 16935 Cedarcrest Drive, EDEN PRAIRIE, MN, 55347-3761
- **NAICS:** 713940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $492K
- **Initial approval:** $492K
- **Forgiven:** $498K (101%)
- **Forgiveness date:** 07/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $369K
- **Mortgage interest:** $74K
- **Utilities:** $49K
- **Jobs reported:** 76
## 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*