# PPP loan: CENTRAL SPECIALTIES, INC.
> **$5.40M** approved 04/06/2020 · Paid in Full · Loan `5708617009`
## Borrower
- **Name:** CENTRAL SPECIALTIES, INC.
- **Address:** 6325 CTY RD 87, ALEXANDRIA, MN, 56308-5361
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.40M
- **Initial approval:** $5.40M
- **Forgiven:** $5.46M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.20M
- **Rent:** $67K
- **Utilities:** $25K
- **Health care:** $100K
- **Jobs reported:** 315
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*