# PPP loan: SARTEC CORPORATION
> **$628K** approved 04/10/2020 · Paid in Full · Loan `1260177109`
## Borrower
- **Name:** SARTEC CORPORATION
- **Address:** 617 PIERCE ST, ANOKA, MN, 55303-1601
- **NAICS:** 311119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $628K
- **Initial approval:** $628K
- **Forgiven:** $632K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $628K
- **Jobs reported:** 39
## Lender
- **Originating:** Minnwest Bank
- **Servicing:** Minnwest Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*