# PPP loan: INTERSTATE PACKAGING CORPORATION
> **$885K** approved 04/06/2020 · Paid in Full · Loan `5920527003`
## Borrower
- **Name:** INTERSTATE PACKAGING CORPORATION
- **Address:** 1851 MARGARETHA AVE, ALBERT LEA, MN, 56007-3271
- **NAICS:** 322211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $885K
- **Initial approval:** $941K
- **Forgiven:** $890K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $885K
- **Jobs reported:** 98
## Lender
- **Originating:** Home Federal Savings Bank
- **Servicing:** Home Federal Savings Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*