# PPP loan: TERRAMAX, INC.
> **$229K** approved 04/09/2020 · Paid in Full · Loan `9520987000`
## Borrower
- **Name:** TERRAMAX, INC.
- **Address:** 3650 Dodd Rd, SAINT PAUL, MN, 55123-1305
- **NAICS:** 325311
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $229K
- **Initial approval:** $229K
- **Forgiven:** $232K (101%)
- **Forgiveness date:** 08/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $229K
- **Jobs reported:** 16
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*