# PPP loan: NELSONS INC.
> **$449K** approved 04/07/2020 · Paid in Full · Loan `6850837000`
## Borrower
- **Name:** NELSONS INC.
- **Address:** 155 S 610 W, SALINA, UT, 84654-0155
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $449K
- **Initial approval:** $449K
- **Forgiven:** $456K (102%)
- **Forgiveness date:** 11/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $359K
- **Utilities:** $90K
- **Jobs reported:** 52
## Lender
- **Originating:** Utah Independent Bank
- **Servicing:** Utah Independent Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*