# PPP loan: KLAPHAKE FEED MILL, INC.
> **$281K** approved 04/03/2020 · Paid in Full · Loan `4418527003`
## Borrower
- **Name:** KLAPHAKE FEED MILL, INC.
- **Address:** 36177 COUNTY ROAD 186, MELROSE, MN, 56352-8104
- **NAICS:** 311224
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $281K
- **Initial approval:** $281K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Rent:** $42K
- **Mortgage interest:** $28K
- **Utilities:** $14K
- **Jobs reported:** 43
## Lender
- **Originating:** Aspire Bank
- **Servicing:** Aspire Bank (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*