# PPP loan: STONEARCH LOGISTICS, LLC
> **$360K** approved 04/05/2020 · Paid in Full · Loan `5340677006`
## Borrower
- **Name:** STONEARCH LOGISTICS, LLC
- **Address:** 4301 HIGHWAY 7, MINNEAPOLIS, MN, 55416-5817
- **NAICS:** 488510
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $360K
- **Initial approval:** $360K
- **Forgiven:** $365K (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $345K
- **Rent:** $13K
- **Utilities:** $3K
- **Jobs reported:** 19
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*