# PPP loan: ADVANCE CORPORATION
> **$609K** approved 04/07/2020 · Paid in Full · Loan `6910597003`
## Borrower
- **Name:** ADVANCE CORPORATION
- **Address:** 8200 97TH ST, COTTAGE GROVE, MN, 55016-4342
- **NAICS:** 339950
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $609K
- **Initial approval:** $609K
- **Forgiven:** $614K (101%)
- **Forgiveness date:** 12/16/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $551K
- **Rent:** $32K
- **Mortgage interest:** $7K
- **Utilities:** $21K
- **Jobs reported:** 70
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*