# PPP loan: HIAWATHA MEDICAL, INC.
> **$1.33M** approved 05/15/2020 · Paid in Full · Loan `6856607405`
## Borrower
- **Name:** HIAWATHA MEDICAL, INC.
- **Address:** 4920 MOUNDVIEW DR, RED WING, MN, 55066-1100
- **NAICS:** 621610
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.33M
- **Initial approval:** $1.33M
- **Forgiven:** $1.34M (101%)
- **Forgiveness date:** 01/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.01M
- **Utilities:** $319K
- **Jobs reported:** 161
## Lender
- **Originating:** First Farmers & Merchants Bank
- **Servicing:** First Farmers & Merchants Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*