# PPP loan: COMPASS DELIVERY SYSTEMS INC.
> **$432K** approved 03/06/2021 · Paid in Full · Loan `7539028503`
## Borrower
- **Name:** COMPASS DELIVERY SYSTEMS INC.
- **Address:** 8801 Bass Lake Rd, New Hope, MN, 55428-3012
- **NAICS:** 492110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $432K
- **Initial approval:** $432K
- **Forgiven:** $436K (101%)
- **Forgiveness date:** 02/08/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $432K
- **Utilities:** $1
- **Jobs reported:** 12
## Lender
- **Originating:** Choice Financial Group
- **Servicing:** Choice Financial Group (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*