# PPP loan: FOLSON FARMS CORPORATION
> **$335K** approved 04/09/2021 · Paid in Full · Loan `9978438705`
## Borrower
- **Name:** FOLSON FARMS CORPORATION
- **Address:** 306 7th Ave NE, East Grand Forks, MN, 56721-3105
- **NAICS:** 111211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $335K
- **Initial approval:** $335K
- **Forgiven:** $337K (101%)
- **Forgiveness date:** 11/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $335K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** First State Bank
- **Servicing:** First State Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*