# PPP loan: MIDSOTA MANUFACTURING, INC.
> **$1.42M** approved 04/03/2020 · Paid in Full · Loan `4568067002`
## Borrower
- **Name:** MIDSOTA MANUFACTURING, INC.
- **Address:** 310 BLATTNER DR, AVON, MN, 56310-8674
- **NAICS:** 333924
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.42M
- **Initial approval:** $1.42M
- **Forgiven:** $1.43M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.25M
- **Rent:** $60K
- **Utilities:** $58K
- **Health care:** $50K
- **Jobs reported:** 118
## Lender
- **Originating:** American Heritage National Bank
- **Servicing:** American Heritage National Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*