# PPP loan: ORTHOMED, LLC
> **$713K** approved 04/16/2020 · Paid in Full · Loan `3062997204`
## Borrower
- **Name:** ORTHOMED, LLC
- **Address:** 4455 E CAMELBACK RD #A110, PHOENIX, AZ, 85018-2822
- **NAICS:** 621340
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $713K
- **Initial approval:** $713K
- **Forgiven:** $721K (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $535K
- **Rent:** $71K
- **Utilities:** $36K
- **Debt interest:** $71K
- **Jobs reported:** 73
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*