# PPP loan: ADA INC
> **$220K** approved 04/03/2020 · Paid in Full · Loan `4496297001`
## Borrower
- **Name:** ADA INC
- **Address:** 3325 OAK ST, BRAINERD, MN, 56401-3807
- **NAICS:** 447110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Jobs reported:** 42
## Lender
- **Originating:** RiverWood Bank
- **Servicing:** RiverWood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*