# PPP loan: LODERMEIER'S INC.
> **$533K** approved 04/08/2020 · Paid in Full · Loan `8685787003`
## Borrower
- **Name:** LODERMEIER'S INC.
- **Address:** 38241 COUNTY 6 BLVD, GOODHUE, MN, 55027-5213
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $533K
- **Initial approval:** $533K
- **Forgiven:** $537K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $405K
- **Utilities:** $128K
- **Jobs reported:** 45
## Lender
- **Originating:** First Farmers & Merchants Bank
- **Servicing:** First Farmers & Merchants Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*