# PPP loan: INTERSTATE BUILDING SUPPLY OF CANNON FALLS, INC.
> **$201K** approved 04/09/2020 · Paid in Full · Loan `9414347003`
## Borrower
- **Name:** INTERSTATE BUILDING SUPPLY OF CANNON FALLS, INC.
- **Address:** 31165 COUNTY 24 BLVD, CANNON FALLS, MN, 55009-4068
- **NAICS:** 444110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $202K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $153K
- **Utilities:** $48K
- **Jobs reported:** 25
## 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*