# PPP loan: SORENSEN & SORENSEN PAINTING AND DECORATING
> **$1.49M** approved 04/04/2020 · Paid in Full · Loan `4803187004`
## Borrower
- **Name:** SORENSEN & SORENSEN PAINTING AND DECORATING
- **Address:** 2038 15TH ST NW, ROCHESTER, MN, 55901-0716
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.49M
- **Initial approval:** $884K
- **Forgiven:** $1.50M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.45M
- **Rent:** $40K
- **Utilities:** $4K
- **Jobs reported:** 84
## Lender
- **Originating:** F & M Community Bank, National Association
- **Servicing:** F & M Community Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*