# PPP loan: TWO HARBORS MACHINE SHOP INC
> **$1.48M** approved 04/12/2020 · Paid in Full · Loan `3923007105`
## Borrower
- **Name:** TWO HARBORS MACHINE SHOP INC
- **Address:** 511 25TH AVE, TWO HARBORS, MN, 55616-1596
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.48M
- **Initial approval:** $1.48M
- **Forgiven:** $1.49M (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.48M
- **Jobs reported:** 88
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*