# PPP loan: CLAUSON DEALER SERVICES, LLC
> **$168K** approved 04/14/2020 · Paid in Full · Loan `6587407100`
## Borrower
- **Name:** CLAUSON DEALER SERVICES, LLC
- **Address:** 855 W BROADWAY AVE, FOREST LAKE, MN, 55025
- **NAICS:** 524298
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $170K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $126K
- **Mortgage interest:** $25K
- **Utilities:** $17K
- **Jobs reported:** 9
## 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*