# PPP loan: HILL WOOD PRODUCTS, INC.
> **$508K** approved 04/15/2020 · Paid in Full · Loan `1106487208`
## Borrower
- **Name:** HILL WOOD PRODUCTS, INC.
- **Address:** 9483 ASHAWA ROAD, P.O. BOX 398, COOK, MN, 55723
- **NAICS:** 321999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $508K
- **Initial approval:** $622K
- **Forgiven:** $512K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $408K
- **Utilities:** $100K
- **Jobs reported:** 47
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*