# PPP loan: LAKE SUPERIOR LAUNDRY INC/WBDF
> **$453K** approved 04/15/2020 · Paid in Full · Loan `8900447108`
## Borrower
- **Name:** LAKE SUPERIOR LAUNDRY INC/WBDF
- **Address:** 129 E 6TH AVE, PINE CITY, MN, 55063
- **NAICS:** 812320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $453K
- **Initial approval:** $453K
- **Forgiven:** $459K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Mortgage interest:** $20K
- **Utilities:** $69K
- **Health care:** $24K
- **Jobs reported:** 99
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Stearns Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*