# PPP loan: MINNESOTA SODDING COMPANY, LLC
> **$297K** approved 04/06/2020 · Paid in Full · Loan `5774447004`
## Borrower
- **Name:** MINNESOTA SODDING COMPANY, LLC
- **Address:** 14 OLD DEERFIELD RD, WELCH, MN, 55089-9505
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $297K
- **Initial approval:** $297K
- **Forgiven:** $300K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $56K
- **Utilities:** $4K
- **Jobs reported:** 12
## Lender
- **Originating:** The First National Bank of River Falls
- **Servicing:** The First National Bank of River Falls (WI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*