# PPP loan: LANESBORO SALES COMMISSION INC
> **$277K** approved 04/08/2020 · Paid in Full · Loan `7964777009`
## Borrower
- **Name:** LANESBORO SALES COMMISSION INC
- **Address:** 402 Coffee St, LANESBORO, MN, 55949-9016
- **NAICS:** 424520
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $277K
- **Initial approval:** $277K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Rent:** $15K
- **Utilities:** $15K
- **Jobs reported:** 78
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*