# PPP loan: BRIESE IRON WORKS INC
> **$1.22M** approved 04/03/2020 · Paid in Full · Loan `4408777004`
## Borrower
- **Name:** BRIESE IRON WORKS INC
- **Address:** 7010 Dresser Drive NE, ROCHESTER, MN, 55906-8967
- **NAICS:** 332313
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.22M
- **Initial approval:** $1.22M
- **Forgiven:** $1.23M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $28K
- **Utilities:** $25K
- **Health care:** $68K
- **Jobs reported:** 75
## Lender
- **Originating:** Peoples State Bank of Plainview
- **Servicing:** Peoples State Bank of Plainview (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*