# PPP loan: LO INC.
> **$182K** approved 04/28/2020 · Paid in Full · Loan `6596107204`
## Borrower
- **Name:** LO INC.
- **Address:** 14608 60th St. N., STILLWATER, MN, 55082
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $182K
- **Initial approval:** $198K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $155K
- **Rent:** $20K
- **Utilities:** $7K
- **Jobs reported:** 75
## Lender
- **Originating:** First State Bank and Trust
- **Servicing:** First State Bank and Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*