# PPP loan: K-RAND INC
> **$165K** approved 04/07/2020 · Paid in Full · Loan `7555217004`
## Borrower
- **Name:** K-RAND INC
- **Address:** 8060 INDUSTRY RD, COLORADO SPRINGS, CO, 80939-9723
- **NAICS:** 238320
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $165K
- **Initial approval:** $138K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $124K
- **Rent:** $41K
- **Jobs reported:** 20
## Lender
- **Originating:** ANB Bank
- **Servicing:** ANB Bank (CO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*