# PPP loan: IMPACT TECHNOLOGY, INC
> **$282K** approved 04/06/2020 · Paid in Full · Loan `6454837009`
## Borrower
- **Name:** IMPACT TECHNOLOGY, INC
- **Address:** 608 7TH ST, LONG PRAIRIE, MN, 56347-5558
- **NAICS:** 423420
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $284K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $211K
- **Rent:** $70K
- **Utilities:** $400
- **Jobs reported:** 34
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*