# PPP loan: J.V.L. CLIPX, INC.
> **$494K** approved 04/30/2020 · Paid in Full · Loan `7542377301`
## Borrower
- **Name:** J.V.L. CLIPX, INC.
- **Address:** PO Box 416, Lake Elmo, MN, 55042-0416
- **NAICS:** 812112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $494K
- **Initial approval:** $494K
- **Forgiven:** $500K (101%)
- **Forgiveness date:** 06/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $494K
- **Jobs reported:** 84
## Lender
- **Originating:** Legacy Bank
- **Servicing:** Legacy Bank (OK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*