# PPP loan: COTTENS INC & COTTENS AUTO SUP
> **$1.00M** approved 04/27/2020 · Paid in Full · Loan `5171657205`
## Borrower
- **Name:** COTTENS INC & COTTENS AUTO SUP
- **Address:** 733 EAST RIVER RD, ANOKA, MN, 55303-2829
- **NAICS:** 441310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.00M
- **Initial approval:** $1.00M
- **Forgiven:** $1.01M (101%)
- **Forgiveness date:** 03/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Rent:** $71K
- **Utilities:** $30K
- **Jobs reported:** 175
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*