# PPP loan: COMMERCE LABEL, INC.
> **$297K** approved 04/13/2020 · Paid in Full · Loan `4592417109`
## Borrower
- **Name:** COMMERCE LABEL, INC.
- **Address:** 5400 NATHAN LN N, STE 150, Plymouth, MN, 55442-1953
- **NAICS:** 561910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $299K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $267K
- **Rent:** $10K
- **Mortgage interest:** $10K
- **Utilities:** $10K
- **Jobs reported:** 15
## Lender
- **Originating:** First Security Bank
- **Servicing:** First Security Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*