# PPP loan: KANAP SYSTEMS LLC
> **$2.21M** approved 04/10/2020 · Paid in Full · Loan `2368707109`
## Borrower
- **Name:** KANAP SYSTEMS LLC
- **Address:** 130 Main St., #201A, SALEM, NH, 03079-3106
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.21M
- **Initial approval:** $2.21M
- **Forgiven:** $2.24M (102%)
- **Forgiveness date:** 11/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.66M
- **Rent:** $552K
- **Jobs reported:** 150
## Lender
- **Originating:** Midwest Heritage Bank, F.S.B.
- **Servicing:** Midwest Heritage Bank, F.S.B. (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*