# PPP loan: AIR-LAKE MACHINE & WELDING INC.
> **$282K** approved 02/04/2021 · Paid in Full · Loan `2902148409`
## Borrower
- **Name:** AIR-LAKE MACHINE & WELDING INC.
- **Address:** 21710 Grenada Ave, Lakeville, MN, 55044-9182
- **NAICS:** 811310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $282K
- **Initial approval:** $282K
- **Forgiven:** $283K (100%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $282K
- **Jobs reported:** 18
## Lender
- **Originating:** Vermillion State Bank
- **Servicing:** Vermillion State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*