# PPP loan: LUBRICATION TECHNOLOGIES, INC.
> **$10.00M** approved 04/10/2020 · Paid in Full · Loan `1747147102`
## Borrower
- **Name:** LUBRICATION TECHNOLOGIES, INC.
- **Address:** 900 Mendelssohn Ave N 0.0, Golden Valley, MN, 55427-4309
- **NAICS:** 324191
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.12M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.56M
- **Rent:** $886K
- **Utilities:** $420K
- **Health care:** $1.13M
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*