# PPP loan: PEOPLE FIRST FOODS, INC.
> **$3.50M** approved 04/05/2020 · Paid in Full · Loan `5364337003`
## Borrower
- **Name:** PEOPLE FIRST FOODS, INC.
- **Address:** 301 Birch St SE, NEW LONDON, MN, 56273-8532
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $3.50M
- **Initial approval:** $3.50M
- **Forgiven:** $3.53M (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.63M
- **Rent:** $438K
- **Utilities:** $438K
- **Jobs reported:** 500
## Lender
- **Originating:** Lake Forest Bank & Trust Company, National Association
- **Servicing:** Lake Forest Bank & Trust Company, National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*