# PPP loan: POVOLNY SPECIALTIES, INC.
> **$164K** approved 04/07/2020 · Paid in Full · Loan `6882257008`
## Borrower
- **Name:** POVOLNY SPECIALTIES, INC.
- **Address:** 7350 COURTHOUSE BLVD, INVER GROVE HEIGHTS, MN, 55077-3217
- **NAICS:** 332311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $164K
- **Initial approval:** $164K
- **Forgiven:** $166K (101%)
- **Forgiveness date:** 06/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $24K
- **Utilities:** $8K
- **Health care:** $2K
- **Jobs reported:** 19
## Lender
- **Originating:** City National Bank
- **Servicing:** City National Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*