# PPP loan: MALMBERG DEVELOPMENT
> **$229K** approved 04/14/2020 · Paid in Full · Loan `5863177106`
## Borrower
- **Name:** MALMBERG DEVELOPMENT
- **Address:** 13875 Highway 13 S Ste100, SAVAGE, MN, 55378-2151
- **NAICS:** 531210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $231K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 38
## Lender
- **Originating:** Vibrant Credit Union
- **Servicing:** Vibrant Credit Union (IL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*