# PPP loan: WERAKRO, INC.
> **$958K** approved 04/09/2020 · Paid in Full · Loan `9528287007`
## Borrower
- **Name:** WERAKRO, INC.
- **Address:** 1705 Broadway, NEW ULM, MN, 56073
- **NAICS:** 722513
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $958K
- **Initial approval:** $958K
- **Forgiven:** $967K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $719K
- **Mortgage interest:** $144K
- **Utilities:** $96K
- **Jobs reported:** 275
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*