# PPP loan: MAYER LUMBER CO., INC.
> **$232K** approved 04/13/2020 · Paid in Full · Loan `4306027110`
## Borrower
- **Name:** MAYER LUMBER CO., INC.
- **Address:** 201 ASH AVE S, MAYER, MN, 55360-9658
- **NAICS:** 423310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $232K
- **Initial approval:** $232K
- **Forgiven:** $234K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Mortgage interest:** $6K
- **Utilities:** $5K
- **Health care:** $35K
- **Jobs reported:** 16
## Lender
- **Originating:** Security Bank & Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*