# PPP loan: VIRTUAL MATRIX CORPORATION
> **$422K** approved 05/27/2021 · Charged Off · Loan `8486939000`
## Borrower
- **Name:** VIRTUAL MATRIX CORPORATION
- **Address:** 7300 France Ave S Ste 210, Edina, MN, 55435-4542
- **NAICS:** 541511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $422K
- **Initial approval:** $422K
- **Forgiven:** $342K (81%)
- **Forgiveness date:** 02/06/2023
- **Status:** Charged Off
- **Term:** 37 months
## Use of funds
- **Payroll:** $422K
- **Utilities:** $1
- **Jobs reported:** 9
## Lender
- **Originating:** Woodlands National Bank
- **Servicing:** Woodlands National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*