# PPP loan: SILK TECHNOLOGIES LTD
> **$187K** approved 04/14/2020 · Paid in Full · Loan `7820397101`
## Borrower
- **Name:** SILK TECHNOLOGIES LTD
- **Address:** 3700 Annapolis Lane Suite 105, MINNEAPOLIS, MN, 55447-5435
- **NAICS:** 339112
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $187K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 06/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $23K
- **Debt interest:** $23K
- **Jobs reported:** 10
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*