# PPP loan: FORKS OPTOMETRIC, LTD.
> **$228K** approved 04/05/2020 · Paid in Full · Loan `5274567009`
## Borrower
- **Name:** FORKS OPTOMETRIC, LTD.
- **Address:** 421 DeMers Ave NW, EAST GRAND FORKS, MN, 56721
- **NAICS:** 621320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $246K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 05/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $167K
- **Mortgage interest:** $37K
- **Utilities:** $25K
- **Jobs reported:** 26
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*