# PPP loan: IKONICS CORPORATION
> **$1.21M** approved 04/10/2020 · Paid in Full · Loan `1162267108`
## Borrower
- **Name:** IKONICS CORPORATION
- **Address:** 4832 Grand Ave, DULUTH, MN, 55807-2743
- **NAICS:** 333316
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.21M
- **Initial approval:** $1.21M
- **Forgiven:** $1.22M (101%)
- **Forgiveness date:** 12/02/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.21M
- **Jobs reported:** 82
## Lender
- **Originating:** BMO Bank National Association
- **Servicing:** BMO Bank National Association (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*