# PPP loan: NORLEN INC.
> **$1.68M** approved 04/07/2020 · Paid in Full · Loan `6532957006`
## Borrower
- **Name:** NORLEN INC.
- **Address:** 900 GROSSMAN DR, SCHOFIELD, WI, 54476-1845
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.68M
- **Initial approval:** $1.68M
- **Forgiven:** $1.52M (91%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.27M
- **Mortgage interest:** $63K
- **Health care:** $346K
- **Jobs reported:** 130
## Lender
- **Originating:** Peoples State Bank
- **Servicing:** Peoples State Bank (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*