# PPP loan: ESOP
> **$1.61M** approved 03/10/2021 · Paid in Full · Loan `8488728505`
## Borrower
- **Name:** ESOP
- **Address:** W6499 Rhine Rd, Watertown, WI, 53098-4430
- **NAICS:** 332111
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.61M
- **Initial approval:** $1.61M
- **Forgiven:** $1.62M (100%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.61M
- **Utilities:** $1
- **Jobs reported:** 102
## Lender
- **Originating:** Associated Bank, National Association
- **Servicing:** Associated Bank, National Association (WI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*