# PPP loan: DAMEL CORPORATION, INC.
> **$440K** approved 04/09/2020 · Paid in Full · Loan `9727497003`
## Borrower
- **Name:** DAMEL CORPORATION, INC.
- **Address:** 3608  4TH ST NW, AUSTIN, MN, 55912-1211
- **NAICS:** 484220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $440K
- **Initial approval:** $440K
- **Forgiven:** $444K (101%)
- **Forgiveness date:** 02/01/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $428K
- **Rent:** $11K
- **Utilities:** $1K
- **Jobs reported:** 29
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*