# PPP loan: SLS, INC.
> **$221K** approved 04/13/2020 · Paid in Full · Loan `5056297100`
## Borrower
- **Name:** SLS, INC.
- **Address:** 1721 10TH ST, GLENCOE, MN, 55336-2515
- **NAICS:** 541211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Rent:** $12K
- **Utilities:** $2K
- **Health care:** $9K
- **Jobs reported:** 18
## Lender
- **Originating:** Security Bank & Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*