# PPP loan: LOUIS LEUSTEK & SONS, INC.
> **$523K** approved 04/12/2020 · Paid in Full · Loan `3989627106`
## Borrower
- **Name:** LOUIS LEUSTEK & SONS, INC.
- **Address:** 1715 East Sheridan St, ELY, MN, 55731-1928
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $523K
- **Initial approval:** $523K
- **Forgiven:** $528K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $392K
- **Mortgage interest:** $78K
- **Utilities:** $52K
- **Jobs reported:** 18
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*