# PPP loan: FONGS INC
> **$391K** approved 01/22/2021 · Paid in Full · Loan `3582338303`
## Borrower
- **Name:** FONGS INC
- **Address:** 9329 Lyndale Ave S, Minneapolis, MN, 55420-3512
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $391K
- **Initial approval:** $391K
- **Forgiven:** $396K (101%)
- **Forgiveness date:** 05/10/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $391K
- **Jobs reported:** 50
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*