# PPP loan: FOREST LAKE RESTAURANT INC
> **$200K** approved 05/27/2020 · Paid in Full · Loan `4081647803`
## Borrower
- **Name:** FOREST LAKE RESTAURANT INC
- **Address:** 1201 NW 4th St, GRAND RAPIDS, MN, 55744-2207
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Mortgage interest:** $20K
- **Utilities:** $20K
- **Jobs reported:** 55
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*