# PPP loan: 240 GROUP, INC.
> **$189K** approved 04/05/2020 · Paid in Full · Loan `5100997009`
## Borrower
- **Name:** 240 GROUP, INC.
- **Address:** 240 SECOND STREET SOUTH, SUITE 201, WISCONSIN RAPIDS, WI, 54494-4101
- **NAICS:** 541840
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $139K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Health care:** $12K
- **Jobs reported:** 20
## Lender
- **Originating:** Nekoosa Port Edwards State Bank
- **Servicing:** Nekoosa Port Edwards State Bank (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*