# PPP loan: INOF ASSET ACQUISITION LLC
> **$1.12M** approved 04/08/2020 · Paid in Full · Loan `8105617003`
## Borrower
- **Name:** INOF ASSET ACQUISITION LLC
- **Address:** 7101  31ST AVE, MINNEAPOLIS, MN, 55427-2848
- **NAICS:** 339999
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.12M
- **Initial approval:** $1.12M
- **Forgiven:** $1.13M (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $691K
- **Rent:** $102K
- **Utilities:** $37K
- **Health care:** $173K
- **Debt interest:** $121K
- **Jobs reported:** 81
## Lender
- **Originating:** MidCountry Bank
- **Servicing:** MidCountry Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*