# PPP loan: COMMONWEALTH PROPERTIES, INC.
> **$205K** approved 04/05/2020 · Paid in Full · Loan `5431017002`
## Borrower
- **Name:** COMMONWEALTH PROPERTIES, INC.
- **Address:** 340 CEDAR ST, SAINT PAUL, MN, 55101-1100
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $205K
- **Initial approval:** $205K
- **Forgiven:** $206K (101%)
- **Forgiveness date:** 03/07/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Jobs reported:** 18
## Lender
- **Originating:** Merchants Bank National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*