# PPP loan: GRANITE ELECTRONICS INC
> **$236K** approved 04/27/2020 · Paid in Full · Loan `4176107209`
## Borrower
- **Name:** GRANITE ELECTRONICS INC
- **Address:** 535 31st Ave N, SAINT CLOUD, MN, 56303
- **NAICS:** 811213
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $236K
- **Initial approval:** $236K
- **Forgiven:** $237K (101%)
- **Forgiveness date:** 01/07/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $205K
- **Rent:** $6K
- **Utilities:** $2K
- **Health care:** $23K
- **Jobs reported:** 15
## Lender
- **Originating:** Stearns Bank National Association
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*