# PPP loan: LAKE STATES INSULATION, INC
> **$340K** approved 05/01/2020 · Paid in Full · Loan `8248657709`
## Borrower
- **Name:** LAKE STATES INSULATION, INC
- **Address:** 7427 SEVILLE RD, SAGINAW, MN, 55779
- **NAICS:** 423330
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $340K
- **Initial approval:** $340K
- **Forgiven:** $342K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Jobs reported:** 22
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*