# PPP loan: GRANDMA'S BAKERY, INC.
> **$556K** approved 04/07/2020 · Paid in Full · Loan `7536887000`
## Borrower
- **Name:** GRANDMA'S BAKERY, INC.
- **Address:** 1765 Buerkle Road, White Bear Lake, MN, 55110-5250
- **NAICS:** 311811
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $560K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $74K
- **Utilities:** $35K
- **Jobs reported:** 79
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*