# PPP loan: PRODUCT DEVELOPMENT SOLUTIONS, INC.
> **$650K** approved 04/06/2020 · Paid in Full · Loan `6260457004`
## Borrower
- **Name:** PRODUCT DEVELOPMENT SOLUTIONS, INC.
- **Address:** 1490 94TH LN, MINNEAPOLIS, MN, 55449-4319
- **NAICS:** 332312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $650K
- **Initial approval:** $650K
- **Forgiven:** $655K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $510K
- **Rent:** $85K
- **Utilities:** $54K
- **Jobs reported:** 56
## 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*