# PPP loan: ALBERT LEA NEWSPAPERS INC.
> **$178K** approved 01/22/2021 · Exemption 4 · Loan `3992158300`
## Borrower
- **Name:** ALBERT LEA NEWSPAPERS INC.
- **Address:** 808 W Front St, Albert Lea, MN, 56007-1947
- **NAICS:** 511110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $178K
- **Initial approval:** $178K
- **Forgiven:** $147K (82%)
- **Forgiveness date:** 06/03/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $178K
- **Utilities:** $1
- **Jobs reported:** 29
## Lender
- **Originating:** SmartBank
- **Servicing:** SmartBank (TN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*