# PPP loan: THEISEN VENDING, INC.
> **$600K** approved 04/14/2020 · Paid in Full · Loan `5976337102`
## Borrower
- **Name:** THEISEN VENDING, INC.
- **Address:** 2335 Nevada Ave N, MINNEAPOLIS, MN, 55427
- **NAICS:** 454210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $600K
- **Initial approval:** $600K
- **Forgiven:** $604K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Mortgage interest:** $90K
- **Utilities:** $60K
- **Jobs reported:** 49
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*