# PPP loan: PARAKLATOS INC
> **$644K** approved 04/08/2020 · Paid in Full · Loan `8280927010`
## Borrower
- **Name:** PARAKLATOS INC
- **Address:** 724 NORTH 1ST ST STE 600, MINNEAPOLIS, MN, 55401-1143
- **NAICS:** 623990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $644K
- **Initial approval:** $644K
- **Forgiven:** $650K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $499K
- **Rent:** $126K
- **Utilities:** $15K
- **Debt interest:** $4K
- **Jobs reported:** 95
## 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*