# PPP loan: MADEL PA
> **$262K** approved 04/07/2020 · Paid in Full · Loan `6975737009`
## Borrower
- **Name:** MADEL PA
- **Address:** 800 HENNEPIN AVE STE 800, MINNEAPOLIS, MN, 55403-1803
- **NAICS:** 541110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $212K
- **Rent:** $50K
- **Jobs reported:** 14
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*