# PPP loan: LAN-DE-CON, INC.
> **$255K** approved 04/08/2020 · Paid in Full · Loan `7927797005`
## Borrower
- **Name:** LAN-DE-CON, INC.
- **Address:** 15 BRENTWOOD AVE, EXCELSIOR, MN, 55331-8523
- **NAICS:** 561730
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $200K
- **Rent:** $20K
- **Mortgage interest:** $13K
- **Health care:** $11K
- **Debt interest:** $10K
- **Jobs reported:** 30
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*