# PPP loan: TC/AMERICAN CRANE COMPANY
> **$1.07M** approved 04/09/2020 · Paid in Full · Loan `1107257102`
## Borrower
- **Name:** TC/AMERICAN CRANE COMPANY
- **Address:** 11110 Industrial Circle NW, Suite A, ELK RIVER, MN, 55330-2452
- **NAICS:** 333923
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.07M
- **Initial approval:** $1.07M
- **Forgiven:** $1.08M (101%)
- **Forgiveness date:** 02/17/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $816K
- **Rent:** $62K
- **Utilities:** $45K
- **Health care:** $129K
- **Debt interest:** $16K
- **Jobs reported:** 68
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*