# PPP loan: FALK'S WOODLAND PHARMACY, INC.
> **$499K** approved 04/28/2020 · Paid in Full · Loan `7634807209`
## Borrower
- **Name:** FALK'S WOODLAND PHARMACY, INC.
- **Address:** 231 E 14th St, Duluth, MN, 55811
- **NAICS:** 446110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $499K
- **Initial approval:** $499K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $450K
- **Rent:** $30K
- **Mortgage interest:** $15K
- **Utilities:** $4K
- **Jobs reported:** 44
## Lender
- **Originating:** Western National Bank
- **Servicing:** Western National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*