# PPP loan: KWIKBIT, INC
> **$530K** approved 04/08/2020 · Paid in Full · Loan `8424867005`
## Borrower
- **Name:** KWIKBIT, INC
- **Address:** 7801 BUSH LAKE DR #300, MINNEAPOLIS, MN, 55438-3201
- **NAICS:** 511210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $530K
- **Initial approval:** $530K
- **Forgiven:** $536K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $530K
- **Jobs reported:** 20
## Lender
- **Originating:** Crown Bank
- **Servicing:** Crown Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*