# PPP loan: NORTHFIELD AUTOMOTIVE INC.
> **$317K** approved 04/09/2020 · Paid in Full · Loan `9132857005`
## Borrower
- **Name:** NORTHFIELD AUTOMOTIVE INC.
- **Address:** 1201 Highway 3 S, NORTHFIELD, MN, 55057
- **NAICS:** 441110
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $317K
- **Initial approval:** $317K
- **Forgiven:** $319K (101%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $238K
- **Rent:** $50K
- **Utilities:** $5K
- **Health care:** $3K
- **Debt interest:** $22K
- **Jobs reported:** 27
## Lender
- **Originating:** Vermillion State Bank
- **Servicing:** Vermillion State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*