# PPP loan: JACK & JIM'S INC.
> **$309K** approved 01/27/2021 · Paid in Full · Loan `6580008309`
## Borrower
- **Name:** JACK & JIM'S INC.
- **Address:** 11025 Duelm Rd NE, Foley, MN, 56329-9518
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $309K
- **Initial approval:** $309K
- **Forgiven:** $312K (101%)
- **Forgiveness date:** 02/01/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $309K
- **Utilities:** $1
- **Jobs reported:** 34
## 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*