# PPP loan: LOGIC INFORMATION SYSTEMS, INC.
> **$2.50M** approved 04/09/2020 · Paid in Full · Loan `9199967008`
## Borrower
- **Name:** LOGIC INFORMATION SYSTEMS, INC.
- **Address:** 3800 American Blvd, Suite 1200 0.0, Bloomington, MN, 55431-4427
- **NAICS:** 541512
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.50M
- **Initial approval:** $2.50M
- **Forgiven:** $2.53M (101%)
- **Forgiveness date:** 07/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.10M
- **Rent:** $150K
- **Health care:** $200K
- **Debt interest:** $50K
- **Jobs reported:** 122
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*