# PPP loan: EDI SYSTEMS, INC
> **$241K** approved 04/11/2020 · Paid in Full · Loan `3308877106`
## Borrower
- **Name:** EDI SYSTEMS, INC
- **Address:** 5929 BAKER ROAD SUITE #420, MINNETONKA, MN, 55345-4770
- **NAICS:** 541690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $181K
- **Mortgage interest:** $36K
- **Utilities:** $24K
- **Jobs reported:** 16
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*