# PPP loan: SOUTHERN MINNESOTA WOODCRAFT, INC.
> **$364K** approved 01/16/2021 · Paid in Full · Loan `1226218307`
## Borrower
- **Name:** SOUTHERN MINNESOTA WOODCRAFT, INC.
- **Address:** 2700 Airport Dr, Faribault, MN, 55021-7766
- **NAICS:** 321999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $364K
- **Initial approval:** $364K
- **Forgiven:** $367K (101%)
- **Forgiveness date:** 10/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $364K
- **Utilities:** $1
- **Jobs reported:** 31
## Lender
- **Originating:** The State Bank of Faribault
- **Servicing:** The State Bank of Faribault (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*