# PPP loan: CARLSON MCCAIN, INC.
> **$1.08M** approved 04/06/2020 · Paid in Full · Loan `5800447009`
## Borrower
- **Name:** CARLSON MCCAIN, INC.
- **Address:** 3890 Pheasant Ridge Dr NE #100, MINNEAPOLIS, MN, 55449-5142
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.08M
- **Initial approval:** $1.08M
- **Forgiven:** $1.09M (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $807K
- **Mortgage interest:** $215K
- **Utilities:** $54K
- **Jobs reported:** 60
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*