# PPP loan: VIRTELLIGENCE INC
> **$699K** approved 04/06/2020 · Paid in Full · Loan `5637697002`
## Borrower
- **Name:** VIRTELLIGENCE INC
- **Address:** 6216 BAKER RD, SUITE 100, EDEN PRAIRIE, MN, 55346-1928
- **NAICS:** 541512
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $699K
- **Initial approval:** $699K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $681K
- **Rent:** $14K
- **Utilities:** $4K
- **Jobs reported:** 21
## 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*