# PPP loan: LONSDALE TOOL & MANUFACTURING, INC.
> **$152K** approved 04/11/2020 · Paid in Full · Loan `3334057100`
## Borrower
- **Name:** LONSDALE TOOL & MANUFACTURING, INC.
- **Address:** 29 DELAWARE STREET SE, LONSDALE, MN, 55046-9606
- **NAICS:** 332510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $152K
- **Initial approval:** $152K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $114K
- **Mortgage interest:** $23K
- **Utilities:** $15K
- **Jobs reported:** 10
## Lender
- **Originating:** Frandsen Bank & Trust
- **Servicing:** Frandsen Bank & Trust (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*