# PPP loan: KARL MANUFACTURING SOLUTIONS, INC
> **$677K** approved 04/11/2020 · Paid in Full · Loan `2976207105`
## Borrower
- **Name:** KARL MANUFACTURING SOLUTIONS, INC
- **Address:** 1084 Center St. W, ROSEAU, MN, 56751-1650
- **NAICS:** 323111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $677K
- **Initial approval:** $677K
- **Forgiven:** $681K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $508K
- **Mortgage interest:** $85K
- **Utilities:** $85K
- **Jobs reported:** 64
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*