# PPP loan: PROSPECT FOUNDRY LLC
> **$1.60M** approved 01/22/2021 · Paid in Full · Loan `3507258303`
## Borrower
- **Name:** PROSPECT FOUNDRY LLC
- **Address:** 1225 Winter St NE, Minneapolis, MN, 55413-2604
- **NAICS:** 331529
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.60M
- **Initial approval:** $1.60M
- **Forgiven:** $1.61M (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.60M
- **Utilities:** $1
- **Jobs reported:** 103
## Lender
- **Originating:** Platinum Bank
- **Servicing:** Platinum Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*