# PPP loan: KENRITE INC.
> **$165K** approved 01/20/2021 · Paid in Full · Loan `2212598309`
## Borrower
- **Name:** KENRITE INC.
- **Address:** 1901 E 6th St, Duluth, MN, 55812-1304
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $165K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 05/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $164K
- **Utilities:** $1
- **Jobs reported:** 35
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*