# PPP loan: JACOB GROUP INC
> **$150K** approved 04/08/2020 · Paid in Full · Loan `8271007003`
## Borrower
- **Name:** JACOB GROUP INC
- **Address:** 3211 FERNBROOK LN N, MINNEAPOLIS, MN, 55447-4799
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $150K
- **Initial approval:** $150K
- **Forgiven:** $152K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Rent:** $16K
- **Utilities:** $2K
- **Debt interest:** $19K
- **Jobs reported:** 13
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*