# PPP loan: ADA INC.
> **$233K** approved 02/03/2021 · Paid in Full · Loan `2608958404`
## Borrower
- **Name:** ADA INC.
- **Address:** 3325 Oak St, Brainerd, MN, 56401-3807
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $234K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $233K
- **Utilities:** $1
- **Jobs reported:** 45
## Lender
- **Originating:** RiverWood Bank
- **Servicing:** RiverWood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*