# PPP loan: DEML FORD LINCOLN INC
> **$321K** approved 04/06/2020 · Paid in Full · Loan `6153517003`
## Borrower
- **Name:** DEML FORD LINCOLN INC
- **Address:** 2100 Old Hwy 14, WASECA, MN, 56093-4119
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $257K
- **Rent:** $34K
- **Utilities:** $1K
- **Health care:** $29K
- **Jobs reported:** 19
## Lender
- **Originating:** Minnwest Bank
- **Servicing:** Minnwest Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*