# PPP loan: HORWITZ INC
> **$10.00M** approved 04/07/2020 · Paid in Full · Loan `6543027004`
## Borrower
- **Name:** HORWITZ INC
- **Address:** 7400 49TH AVE, MINNEAPOLIS, MN, 55428-4258
- **NAICS:** 238220
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.12M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.50M
- **Rent:** $2.00M
- **Utilities:** $500K
- **Jobs reported:** 454
## Lender
- **Originating:** Tradition Capital Bank
- **Servicing:** Tradition Capital Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*