# PPP loan: LANEY'S INC.
> **$1.50M** approved 04/05/2020 · Paid in Full · Loan `5540697006`
## Borrower
- **Name:** LANEY'S INC.
- **Address:** 55  27TH ST, FARGO, ND, 58103-6820
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.50M
- **Jobs reported:** 99
## Lender
- **Originating:** Bell Bank
- **Servicing:** Bell Bank (ND)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*