# PPP loan: NARVESON MANAGEMENT INC.
> **$519K** approved 04/28/2020 · Paid in Full · Loan `7650127206`
## Borrower
- **Name:** NARVESON MANAGEMENT INC.
- **Address:** PO Box 285, PEQUOT LAKES, MN, 56472
- **NAICS:** 561110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $519K
- **Initial approval:** $519K
- **Forgiven:** $523K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $470K
- **Mortgage interest:** $10K
- **Utilities:** $19K
- **Health care:** $20K
- **Jobs reported:** 111
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*