# PPP loan: ARROWHEAD PROMOTION & FULFILLM
> **$1.51M** approved 04/13/2020 · Paid in Full · Loan `5357597100`
## Borrower
- **Name:** ARROWHEAD PROMOTION & FULFILLM
- **Address:** 1105 SE 8th ST, GRAND RAPIDS, MN, 55744-4082
- **NAICS:** 541870
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.51M
- **Initial approval:** $1.63M
- **Forgiven:** $1.52M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Mortgage interest:** $226K
- **Utilities:** $75K
- **Jobs reported:** 250
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*