# PPP loan: AVALON EXPRESS, INC.
> **$898K** approved 04/08/2020 · Paid in Full · Loan `8396017010`
## Borrower
- **Name:** AVALON EXPRESS, INC.
- **Address:** 32453 64TH Ave Way, CANNON FALLS, MN, 55009-4354
- **NAICS:** 484110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $898K
- **Initial approval:** $955K
- **Forgiven:** $904K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $650K
- **Rent:** $247K
- **Utilities:** $1K
- **Jobs reported:** 64
## 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*