# PPP loan: ARDEL ENGINEERING & MANUFACTURING INC
> **$412K** approved 04/07/2020 · Paid in Full · Loan `7592877002`
## Borrower
- **Name:** ARDEL ENGINEERING & MANUFACTURING INC
- **Address:** 9335 SCIENCE CENTER DR, MINNEAPOLIS, MN, 55428-3622
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $412K
- **Initial approval:** $412K
- **Forgiven:** $415K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $412K
- **Jobs reported:** 37
## Lender
- **Originating:** Citizens Independent Bank
- **Servicing:** Citizens Independent Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*