# PPP loan: CLEMENTS LUMBER, INC.
> **$162K** approved 04/05/2020 · Paid in Full · Loan `5331417007`
## Borrower
- **Name:** CLEMENTS LUMBER, INC.
- **Address:** 1275 WEST CENTRAL ST, SPRINGFIELD, MN, 56087-1350
- **NAICS:** 444190
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $163K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $146K
- **Utilities:** $16K
- **Jobs reported:** 25
## Lender
- **Originating:** Farmers and Merchants State Bank of Springfield
- **Servicing:** Farmers and Merchants State Bank of Springfield (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*