# PPP loan: BOLLIG & SONS, INC.
> **$702K** approved 04/07/2020 · Paid in Full · Loan `7094727000`
## Borrower
- **Name:** BOLLIG & SONS, INC.
- **Address:** 11401 COUNTY ROAD 3, HOPKINS, MN, 55343-7424
- **NAICS:** 238910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $702K
- **Initial approval:** $702K
- **Forgiven:** $708K (101%)
- **Forgiveness date:** 03/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $638K
- **Rent:** $36K
- **Utilities:** $2K
- **Health care:** $26K
- **Jobs reported:** 35
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*