# PPP loan: SANDSTROM'S INC
> **$584K** approved 04/06/2020 · Paid in Full · Loan `5850147000`
## Borrower
- **Name:** SANDSTROM'S INC
- **Address:** 2057 E HIGHWAY 2, GRAND RAPIDS, MN, 55744-3295
- **NAICS:** 424940
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $584K
- **Initial approval:** $584K
- **Forgiven:** $588K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $584K
- **Jobs reported:** 50
## Lender
- **Originating:** Minnesota Lakes Bank
- **Servicing:** Minnesota Lakes Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*