# PPP loan: C & W SPINNING, INC.
> **$218K** approved 04/27/2020 · Paid in Full · Loan `6123007209`
## Borrower
- **Name:** C & W SPINNING, INC.
- **Address:** 610 6TH STREET NORTHWEST, MAPLE LAKE, MN, 55358-4611
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $218K
- **Initial approval:** $218K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 06/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $164K
- **Mortgage interest:** $44K
- **Utilities:** $11K
- **Jobs reported:** 16
## 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*