# PPP loan: COTTAGES, LLC
> **$395K** approved 04/03/2020 · Paid in Full · Loan `4397727004`
## Borrower
- **Name:** COTTAGES, LLC
- **Address:** 1845 AUSTIN RD, OWATONNA, MN, 55060-4611
- **NAICS:** 623990
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $397K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $316K
- **Mortgage interest:** $39K
- **Utilities:** $39K
- **Jobs reported:** 50
## Lender
- **Originating:** Community Bank Mankato
- **Servicing:** Community Bank Mankato (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*