# PPP loan: ARGONAUT MINNESOTA VENTURES INC
> **$2.03M** approved 04/05/2020 · Paid in Full · Loan `5511227006`
## Borrower
- **Name:** ARGONAUT MINNESOTA VENTURES INC
- **Address:** 2221 E. MAIN ST East, ALBERT LEA, MN, 56007-3922
- **NAICS:** 722513
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.03M
- **Initial approval:** $2.03M
- **Forgiven:** $1.91M (94%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.83M
- **Rent:** $203K
- **Jobs reported:** 500
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*