# PPP loan: EXACTEC, INC.
> **$455K** approved 04/05/2020 · Paid in Full · Loan `5346137009`
## Borrower
- **Name:** EXACTEC, INC.
- **Address:** 1200 LAKEVIEW DR, CHASKA, MN, 55318-9506
- **NAICS:** 325211
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $455K
- **Initial approval:** $455K
- **Forgiven:** $458K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $378K
- **Rent:** $59K
- **Utilities:** $18K
- **Jobs reported:** 35
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*