# PPP loan: SOUTH-TOWN, INC.
> **$1.47M** approved 04/07/2020 · Paid in Full · Loan `7052767003`
## Borrower
- **Name:** SOUTH-TOWN, INC.
- **Address:** 604 LINCOLN AVE, SAINT CLOUD, MN, 56304-0248
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.47M
- **Initial approval:** $1.47M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 07/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.47M
- **Jobs reported:** 54
## Lender
- **Originating:** Falcon National Bank
- **Servicing:** Falcon National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*