# PPP loan: K. STEINBACH INCORPORATED
> **$452K** approved 04/10/2020 · Paid in Full · Loan `2586917100`
## Borrower
- **Name:** K. STEINBACH INCORPORATED
- **Address:** 42690 COUNTY HIGHWAY 67, NEW YORK MILLS, MN, 56567-9309
- **NAICS:** 621610
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $452K
- **Initial approval:** $452K
- **Forgiven:** $456K (101%)
- **Forgiveness date:** 04/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $448K
- **Rent:** $4K
- **Jobs reported:** 58
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*