# PPP loan: WELCH VILLAGE SKI AREA, INC.
> **$189K** approved 04/07/2020 · Paid in Full · Loan `6980597009`
## Borrower
- **Name:** WELCH VILLAGE SKI AREA, INC.
- **Address:** 26685 County 7 Blvd, WELCH, MN, 55089-4470
- **NAICS:** 713920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $189K
- **Initial approval:** $189K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $110K
- **Utilities:** $30K
- **Health care:** $32K
- **Debt interest:** $17K
- **Jobs reported:** 11
## Lender
- **Originating:** Vermillion State Bank
- **Servicing:** Vermillion State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*