# PPP loan: SMITH FOUNDRY COMPANY
> **$785K** approved 01/16/2021 · Paid in Full · Loan `1095378308`
## Borrower
- **Name:** SMITH FOUNDRY COMPANY
- **Address:** 1855 E 28th St, Minneapolis, MN, 55407-1273
- **NAICS:** 331511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $785K
- **Initial approval:** $785K
- **Forgiven:** $790K (101%)
- **Forgiveness date:** 09/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $785K
- **Utilities:** $1
- **Jobs reported:** 47
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*