# PPP loan: DAKA CORPORATION
> **$259K** approved 04/04/2020 · Paid in Full · Loan `5041197004`
## Borrower
- **Name:** DAKA CORPORATION
- **Address:** 955 Industrial St NE, PINE CITY, MN, 55063-1455
- **NAICS:** 238390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $259K
- **Initial approval:** $298K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $12K
- **Utilities:** $6K
- **Health care:** $17K
- **Jobs reported:** 17
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Stearns Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*