# PPP loan: ANDERSON AUTOMATICS INC.
> **$241K** approved 04/09/2020 · Paid in Full · Loan `9680067005`
## Borrower
- **Name:** ANDERSON AUTOMATICS INC.
- **Address:** 6401 Welcome Avenue N, MINNEAPOLIS, MN, 55429-2048
- **NAICS:** 332721
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $241K
- **Initial approval:** $241K
- **Forgiven:** $243K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $180K
- **Rent:** $36K
- **Utilities:** $10K
- **Health care:** $14K
- **Jobs reported:** 15
## Lender
- **Originating:** VisionBank
- **Servicing:** VisionBank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*