# PPP loan: TOBIES RESTAURANT, INC.
> **$714K** approved 04/06/2020 · Paid in Full · Loan `6448807004`
## Borrower
- **Name:** TOBIES RESTAURANT, INC.
- **Address:** 404 Fire Monument Rd PO Box 397, HINCKLEY, MN, 55037
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $714K
- **Initial approval:** $763K
- **Forgiven:** $722K (101%)
- **Forgiveness date:** 05/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $572K
- **Rent:** $76K
- **Utilities:** $66K
- **Jobs reported:** 73
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*