# PPP loan: SPEEDWERX INC
> **$207K** approved 03/16/2021 · Paid in Full · Loan `2980768609`
## Borrower
- **Name:** SPEEDWERX INC
- **Address:** 20195 Greystone Ave N, Forest Lake, MN, 55025-9771
- **NAICS:** 336999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $207K
- **Initial approval:** $207K
- **Forgiven:** $210K (101%)
- **Forgiveness date:** 08/04/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $207K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Bell Bank
- **Servicing:** Bell Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*