# PPP loan: MORSEKODE LTD
> **$558K** approved 04/05/2020 · Paid in Full · Loan `5233957001`
## Borrower
- **Name:** MORSEKODE LTD
- **Address:** 333 S 7TH ST STE 100, MINNEAPOLIS, MN, 55402-0119
- **NAICS:** 541810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $558K
- **Initial approval:** $558K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 02/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $502K
- **Rent:** $45K
- **Utilities:** $11K
- **Jobs reported:** 31
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*