# PPP loan: INTEGRATED PROCESS SOLUTIONS, INC.
> **$625K** approved 04/11/2020 · Paid in Full · Loan `3380507105`
## Borrower
- **Name:** INTEGRATED PROCESS SOLUTIONS, INC.
- **Address:** 34696 412TH ST SE, FOSSTON, MN, 56542-9411
- **NAICS:** 238210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $625K
- **Initial approval:** $625K
- **Forgiven:** $630K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $469K
- **Rent:** $78K
- **Utilities:** $78K
- **Jobs reported:** 35
## 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*