# PPP loan: MOLD TECH INC
> **$1.04M** approved 04/11/2020 · Paid in Full · Loan `3140767103`
## Borrower
- **Name:** MOLD TECH INC
- **Address:** 5166 Barthel Industrial Drive NE, ALBERTVILLE, MN, 55301-9802
- **NAICS:** 333511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.04M
- **Initial approval:** $1.04M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 11/25/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $778K
- **Rent:** $65K
- **Mortgage interest:** $65K
- **Utilities:** $65K
- **Jobs reported:** 58
## Lender
- **Originating:** MidWestOne Bank
- **Servicing:** MidWestOne Bank (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*