# PPP loan: LANRACORP, INC.
> **$700K** approved 04/07/2020 · Paid in Full · Loan `6885017001`
## Borrower
- **Name:** LANRACORP, INC.
- **Address:** 619 South 3rd Street, BROWNSTOWN, IL, 62418-1341
- **NAICS:** 532412
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $700K
- **Initial approval:** $700K
- **Forgiven:** $704K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $525K
- **Rent:** $175K
- **Jobs reported:** 55
## Lender
- **Originating:** Busey Bank
- **Servicing:** Busey Bank (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*