# PPP loan: ASPHALT PRESERVATION COMPANY
> **$197K** approved 04/07/2020 · Paid in Full · Loan `7135507001`
## Borrower
- **Name:** ASPHALT PRESERVATION COMPANY
- **Address:** 22923 N PEARL LAKE RD, DETROIT LAKES, MN, 56501-7017
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $197K
- **Initial approval:** $197K
- **Forgiven:** $199K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Jobs reported:** 8
## Lender
- **Originating:** Ultima Bank Minnesota
- **Servicing:** Ultima Bank Minnesota (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*