# PPP loan: PROGRESSIVE TOOL & MFG CO
> **$395K** approved 06/22/2020 · Paid in Full · Loan `1527768007`
## Borrower
- **Name:** PROGRESSIVE TOOL & MFG CO
- **Address:** 290 5th Street NE, PINE ISLAND, MN, 55963-7599
- **NAICS:** 326199
- **Business type:** Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $395K
- **Initial approval:** $395K
- **Forgiven:** $398K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $395K
- **Jobs reported:** 32
## Lender
- **Originating:** Frandsen Bank and Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*