# PPP loan: ALBERT LEA SEED HOUSE, INC.
> **$559K** approved 04/13/2020 · Paid in Full · Loan `5611927110`
## Borrower
- **Name:** ALBERT LEA SEED HOUSE, INC.
- **Address:** 1414 W MAIN ST, ALBERT LEA, MN, 56007-1816
- **NAICS:** 424910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $559K
- **Initial approval:** $559K
- **Forgiven:** $562K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $519K
- **Rent:** $30K
- **Debt interest:** $10K
- **Jobs reported:** 43
## Lender
- **Originating:** Arcadian Bank
- **Servicing:** Arcadian Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*