# PPP loan: AKONNI BIOSYSTEMS INC.
> **$485K** approved 03/16/2021 · Paid in Full · Loan `3093368605`
## Borrower
- **Name:** AKONNI BIOSYSTEMS INC.
- **Address:** 400 Sagner Ave Ste 300, Frederick, MD, 21701-6082
- **NAICS:** 325413
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $485K
- **Initial approval:** $485K
- **Forgiven:** $489K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $485K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*