# PPP loan: DEGEUS TILE & GRANITE INC.
> **$274K** approved 04/08/2020 · Paid in Full · Loan `8398517000`
## Borrower
- **Name:** DEGEUS TILE & GRANITE INC.
- **Address:** 3532 Highway 63 S, ROCHESTER, MN, 55904-5521
- **NAICS:** 442210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $311K
- **Forgiven:** $275K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Jobs reported:** 26
## Lender
- **Originating:** First Farmers & Merchants State Bank of Grand Meadow
- **Servicing:** First Farmers & Merchants State Bank of Grand Meadow (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*