# PPP loan: PLAISTED COMPANIES, INC.
> **$1.40M** approved 04/04/2020 · Paid in Full · Loan `4891687000`
## Borrower
- **Name:** PLAISTED COMPANIES, INC.
- **Address:** 11555 205th Avenue NW, ELK RIVER, MN, 55330-8782
- **NAICS:** 212321
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.40M
- **Initial approval:** $1.40M
- **Forgiven:** $1.41M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.12M
- **Mortgage interest:** $140K
- **Utilities:** $140K
- **Jobs reported:** 18
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*