# PPP loan: ELEMENT GROUP, INC.
> **$1.23M** approved 04/06/2020 · Paid in Full · Loan `5601817010`
## Borrower
- **Name:** ELEMENT GROUP, INC.
- **Address:** 1502 South 14th Street, PRINCETON, MN, 55371
- **NAICS:** 333924
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.23M
- **Initial approval:** $1.24M
- **Forgiven:** $1.24M (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $928K
- **Rent:** $179K
- **Utilities:** $124K
- **Jobs reported:** 109
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*