# PPP loan: R.M. COTTON CO.
> **$377K** approved 04/08/2020 · Paid in Full · Loan `7926147007`
## Borrower
- **Name:** R.M. COTTON CO.
- **Address:** 7145 BOONE AVE, MINNEAPOLIS, MN, 55428-1555
- **NAICS:** 423720
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $377K
- **Initial approval:** $377K
- **Forgiven:** $380K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $339K
- **Rent:** $24K
- **Utilities:** $14K
- **Jobs reported:** 20
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*