# PPP loan: NORTHLAND MACHINE, INC.
> **$241K** approved 04/14/2020 · Paid in Full · Loan `7098137106`
## Borrower
- **Name:** NORTHLAND MACHINE, INC.
- **Address:** 35234 US HWY 2, GRAND RAPIDS, MN, 55744
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $262K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $186K
- **Mortgage interest:** $34K
- **Utilities:** $21K
- **Jobs reported:** 24
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*