# PPP loan: THE CRADLE CLUB INC.
> **$492K** approved 01/28/2021 · Paid in Full · Loan `7248458307`
## Borrower
- **Name:** THE CRADLE CLUB INC.
- **Address:** 16935 Cedarcrest Dr, Eden Prairie, MN, 55347-3761
- **NAICS:** 624410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $492K
- **Initial approval:** $492K
- **Forgiven:** $496K (101%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $492K
- **Utilities:** $1
- **Jobs reported:** 57
## 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*