# PPP loan: NEW HORIZON FOODS INC
> **$4.06M** approved 04/03/2020 · Paid in Full · Loan `4391117008`
## Borrower
- **Name:** NEW HORIZON FOODS INC
- **Address:** 2207 FLAG AVE, MINNEAPOLIS, MN, 55426-2330
- **NAICS:** 722310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.06M
- **Initial approval:** $4.50M
- **Forgiven:** $4.11M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 59 months
## Use of funds
- **Payroll:** $4.06M
- **Jobs reported:** 500
## 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*