# PPP loan: THATCHER POOL AND SPA, INC
> **$218K** approved 04/04/2020 · Paid in Full · Loan `4737527000`
## Borrower
- **Name:** THATCHER POOL AND SPA, INC
- **Address:** 25 WOODLAKE DR SE, ROCHESTER, MN, 55904-5509
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $219K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $174K
- **Mortgage interest:** $36K
- **Utilities:** $8K
- **Jobs reported:** 32
## Lender
- **Originating:** F & M Community Bank, National Association
- **Servicing:** F & M Community Bank, National Association (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*