# PPP loan: KORSMO, INC.
> **$471K** approved 04/05/2020 · Paid in Full · Loan `5538967005`
## Borrower
- **Name:** KORSMO, INC.
- **Address:** 2411 7th St NW, ROCHESTER, MN, 55901-7538
- **NAICS:** 453998
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $471K
- **Initial approval:** $471K
- **Forgiven:** $476K (101%)
- **Forgiveness date:** 06/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $471K
- **Jobs reported:** 43
## Lender
- **Originating:** Eagle Rock Bank
- **Servicing:** Eagle Rock Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*