# PPP loan: MCCARRONS BUILDING CENTER INC
> **$246K** approved 04/05/2020 · Paid in Full · Loan `5559767003`
## Borrower
- **Name:** MCCARRONS BUILDING CENTER INC
- **Address:** 23840 Lake Blvd, FOREST LAKE, MN, 55025-8210
- **NAICS:** 423310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $246K
- **Initial approval:** $246K
- **Forgiven:** $248K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $184K
- **Rent:** $15K
- **Mortgage interest:** $15K
- **Utilities:** $15K
- **Health care:** $15K
- **Jobs reported:** 20
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*