# PPP loan: FOREST LAKE RESTAURANT INC.
> **$280K** approved 01/29/2021 · Paid in Full · Loan `8316998302`
## Borrower
- **Name:** FOREST LAKE RESTAURANT INC.
- **Address:** 1201 NW 4th St, Grand Rapids, MN, 55744-2207
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $282K (101%)
- **Forgiveness date:** 10/20/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $280K
- **Utilities:** $1
- **Jobs reported:** 55
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*