# PPP loan: JLM1 LLC
> **$173K** approved 04/14/2020 · Paid in Full · Loan `6120727109`
## Borrower
- **Name:** JLM1 LLC
- **Address:** 15704   90TH ST NW, ELK RIVER, MN, 55330-7448
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $173K
- **Initial approval:** $173K
- **Forgiven:** $174K (101%)
- **Forgiveness date:** 03/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $130K
- **Rent:** $35K
- **Utilities:** $9K
- **Jobs reported:** 60
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*