# PPP loan: DESERET LABORATORIES INC
> **$1.29M** approved 04/08/2020 · Paid in Full · Loan `8173597001`
## Borrower
- **Name:** DESERET LABORATORIES INC
- **Address:** 1414 East 3850 South, SAINT GEORGE, UT, 84790-6233
- **NAICS:** 531120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.29M
- **Initial approval:** $1.29M
- **Forgiven:** $1.30M (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $959K
- **Rent:** $248K
- **Mortgage interest:** $32K
- **Utilities:** $55K
- **Jobs reported:** 142
## Lender
- **Originating:** Cache Valley Bank
- **Servicing:** Cache Valley Bank (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*