# PPP loan: MRM ROCHESTER INC
> **$238K** approved 04/05/2020 · Charged Off · Loan `5522137009`
## Borrower
- **Name:** MRM ROCHESTER INC
- **Address:** 255 1ST AVE SW, ROCHESTER, MN, 55902-3157
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $238K
- **Initial approval:** $238K
- **Forgiven:** $166K (70%)
- **Forgiveness date:** 06/22/2021
- **Status:** Charged Off
- **Term:** 3 months
## Use of funds
- **Payroll:** $238K
- **Jobs reported:** 59
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*