# PPP loan: GARKAT, INC
> **$305K** approved 04/10/2020 · Paid in Full · Loan `1508787109`
## Borrower
- **Name:** GARKAT, INC
- **Address:** 200 22nd Ave NE, WASECA, MN, 56093-2649
- **NAICS:** 623312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $305K
- **Initial approval:** $305K
- **Forgiven:** $307K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Rent:** $50K
- **Utilities:** $5K
- **Jobs reported:** 64
## Lender
- **Originating:** Keen Bank National Association
- **Servicing:** Keen Bank National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*