# PPP loan: EXCELSIOR TOOL COMPANY INC
> **$168K** approved 01/16/2021 · Paid in Full · Loan `1323438305`
## Borrower
- **Name:** EXCELSIOR TOOL COMPANY INC
- **Address:** 1474 County Road 90, Maple Plain, MN, 55359-9525
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $168K
- **Initial approval:** $168K
- **Forgiven:** $169K (101%)
- **Forgiveness date:** 08/06/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $168K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*