# PPP loan: LARES CORPORATION
> **$340K** approved 02/12/2021 · Paid in Full · Loan `8026548407`
## Borrower
- **Name:** LARES CORPORATION
- **Address:** 855 Cleveland St S, Cambridge, MN, 55008-1779
- **NAICS:** 336330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 10/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $340K
- **Jobs reported:** 26
## Lender
- **Originating:** Security Bank and Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*