# PPP loan: EUROPEAN ROASTERIE INC.
> **$411K** approved 01/27/2021 · Paid in Full · Loan `6559058308`
## Borrower
- **Name:** EUROPEAN ROASTERIE INC.
- **Address:** 250 W Bradshaw St, Le Center, MN, 56057-1121
- **NAICS:** 311920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $411K
- **Initial approval:** $411K
- **Forgiven:** $415K (101%)
- **Forgiveness date:** 01/06/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $411K
- **Utilities:** $1
- **Jobs reported:** 49
## 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*