# PPP loan: SOUTHERN MINNESOTA WOODCRAFT, INC.
> **$390K** approved 04/10/2020 · Paid in Full · Loan `2301737102`
## Borrower
- **Name:** SOUTHERN MINNESOTA WOODCRAFT, INC.
- **Address:** 2700 Airport Drive West, FARIBAULT, MN, 55021-4799
- **NAICS:** 321999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $390K
- **Initial approval:** $390K
- **Forgiven:** $392K (101%)
- **Forgiveness date:** 07/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $390K
- **Jobs reported:** 32
## Lender
- **Originating:** The State Bank of Faribault
- **Servicing:** The State Bank of Faribault (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*