# PPP loan: GEMKO OF FOREST LAKE INC
> **$335K** approved 04/15/2020 · Paid in Full · Loan `9866277105`
## Borrower
- **Name:** GEMKO OF FOREST LAKE INC
- **Address:** 908 SW 15TH ST, FOREST LAKE, MN, 55025-1315
- **NAICS:** 321999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $338K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $279K
- **Rent:** $28K
- **Utilities:** $16K
- **Health care:** $9K
- **Debt interest:** $4K
- **Jobs reported:** 50
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*