# PPP loan: TRAXLER CONSTRUCTION INC.
> **$450K** approved 04/08/2020 · Paid in Full · Loan `7818827002`
## Borrower
- **Name:** TRAXLER CONSTRUCTION INC.
- **Address:** 625 Commerce Dr, LE CENTER, MN, 56057-2300
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $450K
- **Initial approval:** $450K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 03/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Rent:** $2K
- **Utilities:** $2K
- **Health care:** $47K
- **Jobs reported:** 24
## Lender
- **Originating:** The First National Bank of Le Center
- **Servicing:** The First National Bank of Le Center (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*