# PPP loan: THORUD INC
> **$974K** approved 04/07/2020 · Paid in Full · Loan `7384717006`
## Borrower
- **Name:** THORUD INC
- **Address:** 10501 HAMPSHIRE AVE, MINNEAPOLIS, MN, 55438-2185
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $974K
- **Initial approval:** $974K
- **Forgiven:** $982K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $891K
- **Rent:** $56K
- **Utilities:** $26K
- **Jobs reported:** 63
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*