# PPP loan: FORSMAN FARMS, INC
> **$2.43M** approved 04/05/2020 · Paid in Full · Loan `5098747004`
## Borrower
- **Name:** FORSMAN FARMS, INC
- **Address:** 1200 COMMERCE BLVD., HOWARD LAKE, MN, 55349-4542
- **NAICS:** 112310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.43M
- **Initial approval:** $2.43M
- **Forgiven:** $2.46M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.07M
- **Rent:** $122K
- **Utilities:** $243K
- **Jobs reported:** 228
## Lender
- **Originating:** Citizens Alliance Bank
- **Servicing:** Citizens Alliance Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*