# PPP loan: CANNON TACKLE SUPPLY, INC.
> **$200K** approved 04/06/2020 · Paid in Full · Loan `5607387002`
## Borrower
- **Name:** CANNON TACKLE SUPPLY, INC.
- **Address:** 265 375TH STREET WAY, DENNISON, MN, 55018-7453
- **NAICS:** 423910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $200K
- **Initial approval:** $200K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $188K
- **Rent:** $12K
- **Jobs reported:** 29
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*