# PPP loan: SUGAR LOAF FORD INC
> **$575K** approved 04/03/2020 · Paid in Full · Loan `4412167001`
## Borrower
- **Name:** SUGAR LOAF FORD INC
- **Address:** 12222 WEST SERVICE DRIVE, WINONA, MN, 55987-5347
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $575K
- **Initial approval:** $575K
- **Forgiven:** $580K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $527K
- **Rent:** $38K
- **Utilities:** $10K
- **Jobs reported:** 38
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*