# PPP loan: EQUIMED CORPORATION
> **$155K** approved 04/07/2020 · Paid in Full · Loan `6913557008`
## Borrower
- **Name:** EQUIMED CORPORATION
- **Address:** 3300 FERNBROOK LN, Plymouth, MN, 55447-5360
- **NAICS:** 541990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $155K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $123K
- **Rent:** $11K
- **Utilities:** $2K
- **Health care:** $18K
- **Debt interest:** $222
- **Jobs reported:** 11
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*