# PPP loan: AK MATERIAL HANDLING SYSTEMS INC.
> **$442K** approved 02/10/2021 · Paid in Full · Loan `6383118406`
## Borrower
- **Name:** AK MATERIAL HANDLING SYSTEMS INC.
- **Address:** 8630 Monticello Ln N, Maple Grove, MN, 55369-4547
- **NAICS:** 423390
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $442K
- **Initial approval:** $442K
- **Forgiven:** $446K (101%)
- **Forgiveness date:** 11/10/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $442K
- **Utilities:** $1
- **Jobs reported:** 27
## Lender
- **Originating:** 21st Century Bank
- **Servicing:** 21st Century Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · MORVS · CC0 1.0*