# PPP loan: MSP OUTDOOR SERVICES, INC
> **$224K** approved 04/06/2020 · Paid in Full · Loan `5781167001`
## Borrower
- **Name:** MSP OUTDOOR SERVICES, INC
- **Address:** 10908 SHORE DR, MINNEAPOLIS, MN, 55441-4919
- **NAICS:** 541320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $224K
- **Initial approval:** $224K
- **Forgiven:** $226K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $215K
- **Rent:** $8K
- **Utilities:** $1K
- **Jobs reported:** 27
## 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*