# PPP loan: PLATO WOODWORK, INC.
> **$1.54M** approved 04/14/2020 · Paid in Full · Loan `6393407102`
## Borrower
- **Name:** PLATO WOODWORK, INC.
- **Address:** 200 3RD ST SW, PLATO, MN, 55370-5469
- **NAICS:** 321211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.54M
- **Initial approval:** $1.54M
- **Forgiven:** $1.55M (101%)
- **Forgiveness date:** 03/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.29M
- **Mortgage interest:** $10K
- **Utilities:** $56K
- **Health care:** $183K
- **Jobs reported:** 144
## Lender
- **Originating:** Security Bank & Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*