# PPP loan: BLACKWOODS ON THE LAKE, INC.
> **$249K** approved 04/07/2020 · Paid in Full · Loan `6860387000`
## Borrower
- **Name:** BLACKWOODS ON THE LAKE, INC.
- **Address:** 230 E Superior Street, Ste. 200, DULUTH, MN, 55802-2104
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $249K
- **Initial approval:** $249K
- **Forgiven:** $251K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $187K
- **Rent:** $62K
- **Jobs reported:** 65
## Lender
- **Originating:** National Bank of Commerce
- **Servicing:** National Bank of Commerce (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*