# PPP loan: NUGENT SEALCOATING INC
> **$158K** approved 04/06/2020 · Paid in Full · Loan `6326567006`
## Borrower
- **Name:** NUGENT SEALCOATING INC
- **Address:** 15183 FREELAND AVE N, HUGO, MN, 55038-8372
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $158K
- **Jobs reported:** 20
## Lender
- **Originating:** Farmers & Merchants Savings Bank
- **Servicing:** Farmers & Merchants Savings Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*