# PPP loan: HI-YIELD PRODUCTS INC.
> **$151K** approved 04/03/2020 · Paid in Full · Loan `4482407007`
## Borrower
- **Name:** HI-YIELD PRODUCTS INC.
- **Address:** 23280 620TH AVE, ALDEN, MN, 56009-4328
- **NAICS:** 424910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $151K
- **Initial approval:** $151K
- **Forgiven:** $153K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $113K
- **Mortgage interest:** $19K
- **Utilities:** $19K
- **Jobs reported:** 25
## Lender
- **Originating:** Manufacturers Bank & Trust Company
- **Servicing:** Manufacturers Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*