# PPP loan: CLOVERLEAF FARMS INC
> **$298K** approved 04/27/2020 · Paid in Full · Loan `5288757204`
## Borrower
- **Name:** CLOVERLEAF FARMS INC
- **Address:** 609 NORTH WALNUT ST, ELK POINT, SD, 57025-2217
- **NAICS:** 111150
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $298K
- **Initial approval:** $298K
- **Forgiven:** $299K (100%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $223K
- **Rent:** $20K
- **Mortgage interest:** $15K
- **Utilities:** $39K
- **Jobs reported:** 25
## Lender
- **Originating:** The Security National Bank of Sioux City, Iowa
- **Servicing:** The Security National Bank of Sioux City, Iowa (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*