# PPP loan: PROGRESSIVE BUILDING SYSTEMS, LTD.
> **$1.24M** approved 04/12/2020 · Paid in Full · Loan `3805697101`
## Borrower
- **Name:** PROGRESSIVE BUILDING SYSTEMS, LTD.
- **Address:** 16184 54th St NE, SAINT MICHAEL, MN, 55376-3350
- **NAICS:** 236210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.24M
- **Initial approval:** $1.24M
- **Forgiven:** $1.25M (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $929K
- **Mortgage interest:** $186K
- **Utilities:** $124K
- **Jobs reported:** 90
## 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*