# PPP loan: KANNACT INC
> **$556K** approved 04/14/2020 · Paid in Full · Loan `6578727100`
## Borrower
- **Name:** KANNACT INC
- **Address:** 2211 NE JACK LONDON STREET, CORVALLIS, OR, 97330
- **NAICS:** 621999
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $556K
- **Initial approval:** $556K
- **Forgiven:** $561K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $556K
- **Jobs reported:** 35
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*