# PPP loan: LEXDAN AUTOMOTIVE INC
> **$154K** approved 05/01/2020 · Exemption 4 · Loan `7506067708`
## Borrower
- **Name:** LEXDAN AUTOMOTIVE INC
- **Address:** 2610 MAPLEWOOD DR, MAPLEWOOD, MN, 55109
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $154K
- **Initial approval:** $154K
- **Forgiven:** $136K (88%)
- **Forgiveness date:** 07/02/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $154K
- **Jobs reported:** 13
## Lender
- **Originating:** U.S. Bank, National Association
- **Servicing:** U.S. Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*