# PPP loan: PETERSONS NORTH BRANCH MILL INC
> **$340K** approved 04/06/2020 · Paid in Full · Loan `5743237008`
## Borrower
- **Name:** PETERSONS NORTH BRANCH MILL INC
- **Address:** PO Box 218, NORTH BRANCH, MN, 55056
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $394K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $311K
- **Mortgage interest:** $19K
- **Utilities:** $4K
- **Debt interest:** $6K
- **Jobs reported:** 49
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Stearns Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*