# PPP loan: RADERMACHER INDUSTRIES INC.
> **$746K** approved 04/10/2020 · Paid in Full · Loan `2015677107`
## Borrower
- **Name:** RADERMACHER INDUSTRIES INC.
- **Address:** 11303 EXCELSIOR BLVD, HOPKINS, MN, 55343-7463
- **NAICS:** 238290
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $746K
- **Initial approval:** $746K
- **Forgiven:** $750K (101%)
- **Forgiveness date:** 12/08/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $559K
- **Rent:** $149K
- **Utilities:** $37K
- **Jobs reported:** 54
## Lender
- **Originating:** Tradition Capital Bank
- **Servicing:** Tradition Capital Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*