# PPP loan: ZACHMAN PRECAST INC
> **$212K** approved 04/15/2020 · Paid in Full · Loan `1428947207`
## Borrower
- **Name:** ZACHMAN PRECAST INC
- **Address:** 610 Central Ave, SAINT MICHAEL, MN, 55376-4584
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $159K
- **Rent:** $42K
- **Utilities:** $11K
- **Jobs reported:** 12
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*