# PPP loan: JIT POWDER COATING COMPANY
> **$552K** approved 01/16/2021 · Paid in Full · Loan `1127658304`
## Borrower
- **Name:** JIT POWDER COATING COMPANY
- **Address:** 21020 Eaton Ave, Farmington, MN, 55024-8912
- **NAICS:** 332812
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $552K
- **Initial approval:** $552K
- **Forgiven:** $555K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $552K
- **Utilities:** $1
- **Jobs reported:** 59
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*