# PPP loan: LADC COMPANIES, INC.
> **$211K** approved 04/08/2020 · Paid in Full · Loan `8638337005`
## Borrower
- **Name:** LADC COMPANIES, INC.
- **Address:** 5900 QUAM AVE, SAINT MICHAEL, MN, 55376-4800
- **NAICS:** 541320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $211K
- **Initial approval:** $211K
- **Forgiven:** $213K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $20K
- **Utilities:** $11K
- **Jobs reported:** 34
## Lender
- **Originating:** First National Bank
- **Servicing:** First National Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*