# PPP loan: NATIONAL RECOVERIES INC
> **$2.00M** approved 02/17/2021 · Paid in Full · Loan `9827458409`
## Borrower
- **Name:** NATIONAL RECOVERIES INC
- **Address:** 14735 Highway 65 NE, Ham Lake, MN, 55304-6101
- **NAICS:** 561440
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 261
## Lender
- **Originating:** Village Bank
- **Servicing:** Village Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*