# PPP loan: FLEXSEALS, INC.
> **$550K** approved 01/16/2021 · Paid in Full · Loan `1108568306`
## Borrower
- **Name:** FLEXSEALS, INC.
- **Address:** 6551 Jansen Ave NE Ste 206, Albertville, MN, 55301-4317
- **NAICS:** 326220
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $550K
- **Initial approval:** $550K
- **Forgiven:** $554K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $550K
- **Jobs reported:** 49
## Lender
- **Originating:** Sherburne State Bank
- **Servicing:** Sherburne State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*