# PPP loan: APEX EMBROIDERY DESIGN INC
> **$258K** approved 02/19/2021 · Paid in Full · Loan `1694028506`
## Borrower
- **Name:** APEX EMBROIDERY DESIGN INC
- **Address:** 9785 Gateway Rd NW, Elk River, MN, 55330-9595
- **NAICS:** 315990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $261K (101%)
- **Forgiveness date:** 03/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $258K
- **Utilities:** $1
- **Jobs reported:** 34
## Lender
- **Originating:** The Bank of Elk River
- **Servicing:** The Bank of Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*