# PPP loan: MICRO-MATICS INC.
> **$637K** approved 04/08/2020 · Paid in Full · Loan `8566437000`
## Borrower
- **Name:** MICRO-MATICS INC.
- **Address:** 8050 RANCHERS RD, MINNEAPOLIS, MN, 55432-1825
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $637K
- **Initial approval:** $637K
- **Forgiven:** $642K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $507K
- **Rent:** $13K
- **Utilities:** $16K
- **Debt interest:** $101K
- **Jobs reported:** 40
## Lender
- **Originating:** Bridgewater Bank
- **Servicing:** Bridgewater Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*