# PPP loan: MADDEN BROTHERS, INC.
> **$1.42M** approved 04/08/2020 · Paid in Full · Loan `8726567004`
## Borrower
- **Name:** MADDEN BROTHERS, INC.
- **Address:** 11266 PINE BEACH PENINSULA RD, BRAINERD, MN, 56401-2080
- **NAICS:** 721110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.42M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.26M
- **Mortgage interest:** $6K
- **Utilities:** $95K
- **Health care:** $58K
- **Jobs reported:** 350
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*