# PPP loan: GRUBER PALLETS, INC
> **$410K** approved 04/06/2020 · Paid in Full · Loan `5780727001`
## Borrower
- **Name:** GRUBER PALLETS, INC
- **Address:** 11490 HUDSON BLVD, LAKE ELMO, MN, 55042-9702
- **NAICS:** 321920
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $412K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $357K
- **Rent:** $34K
- **Utilities:** $13K
- **Health care:** $6K
- **Jobs reported:** 36
## Lender
- **Originating:** Lake Elmo Bank
- **Servicing:** Lake Elmo Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*