# PPP loan: PRODUCT DEVELOPMENT ASSOCIATES INC.
> **$1.10M** approved 05/06/2020 · Paid in Full · Loan `2877997407`
## Borrower
- **Name:** PRODUCT DEVELOPMENT ASSOCIATES INC.
- **Address:** 1145 E CLIFF RD, BURNSVILLE, MN, 55337-1514
- **NAICS:** 541330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $337K (31%)
- **Forgiveness date:** 08/26/2021
- **Status:** Paid in Full
- **Term:** 41 months
## Use of funds
- **Payroll:** $1.10M
- **Jobs reported:** 74
## Lender
- **Originating:** Vibrant Credit Union
- **Servicing:** Vibrant Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*