# PPP loan: UPPERLAKES FOODS INC
> **$4.75M** approved 04/04/2020 · Paid in Full · Loan `4860207004`
## Borrower
- **Name:** UPPERLAKES FOODS INC
- **Address:** 801 Industry Ave, CLOQUET, MN, 55720-1635
- **NAICS:** 424410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.75M
- **Initial approval:** $4.75M
- **Forgiven:** $4.80M (101%)
- **Forgiveness date:** 06/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $3.80M
- **Mortgage interest:** $500K
- **Utilities:** $449K
- **Jobs reported:** 370
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*