# PPP loan: VICTORY AUTOMOTIVE SERVICE
> **$743K** approved 04/11/2020 · Paid in Full · Loan `3081867108`
## Borrower
- **Name:** VICTORY AUTOMOTIVE SERVICE
- **Address:** 1010 OSBORNE RD NE, MINNEAPOLIS, MN, 55432-2806
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $743K
- **Initial approval:** $743K
- **Forgiven:** $748K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $619K
- **Rent:** $94K
- **Mortgage interest:** $14K
- **Utilities:** $17K
- **Debt interest:** $439
- **Jobs reported:** 57
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*