# PPP loan: TRUE FRIENDS
> **$1.14M** approved 02/13/2021 · Paid in Full · Loan `8614228401`
## Borrower
- **Name:** TRUE FRIENDS
- **Address:** 10509 108th St NW, Annandale, MN, 55302-2912
- **NAICS:** 721214
- **Business type:** Professional Association
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.14M
- **Initial approval:** $1.14M
- **Forgiven:** $1.15M (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.14M
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** Lake Central Bank
- **Servicing:** Lake Central Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*