# PPP loan: AMERICAN MORTGAGE AND EQUITY CONSULTANTS, INC.
> **$7.87M** approved 04/09/2020 · Exemption 4 · Loan `9027657002`
## Borrower
- **Name:** AMERICAN MORTGAGE AND EQUITY CONSULTANTS, INC.
- **Address:** 7505 Metro Blvd Ste 600, Edina, MN, 55439-2710
- **NAICS:** 522310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $7.87M
- **Initial approval:** $7.87M
- **Forgiven:** $7.78M (99%)
- **Forgiveness date:** 06/16/2021
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $7.87M
- **Jobs reported:** 436
## Lender
- **Originating:** Granite Bank
- **Servicing:** Granite Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*