# PPP loan: ALVIN E BENIKE INC
> **$4.58M** approved 04/06/2020 · Paid in Full · Loan `5674667003`
## Borrower
- **Name:** ALVIN E BENIKE INC
- **Address:** 2960 HIGHWAY 14 W, ROCHESTER, MN, 55901-7501
- **NAICS:** 236220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.58M
- **Initial approval:** $4.58M
- **Forgiven:** $4.64M (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.56M
- **Utilities:** $20K
- **Jobs reported:** 165
## 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*