# PPP loan: CARRS TREE SERVICE, INC
> **$2.29M** approved 04/06/2020 · Paid in Full · Loan `5922687009`
## Borrower
- **Name:** CARRS TREE SERVICE, INC
- **Address:** 307 MN HIGHWAY 78, OTTERTAIL, MN, 56571-7013
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.29M
- **Initial approval:** $2.29M
- **Forgiven:** $2.32M (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.23M
- **Mortgage interest:** $4K
- **Utilities:** $6K
- **Health care:** $43K
- **Debt interest:** $3K
- **Jobs reported:** 248
## Lender
- **Originating:** The First National Bank of Henning
- **Servicing:** The First National Bank of Henning (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*