# PPP loan: NAMCO MFG. INC. OF MINNESOTA
> **$697K** approved 04/04/2020 · Paid in Full · Loan `4780177008`
## Borrower
- **Name:** NAMCO MFG. INC. OF MINNESOTA
- **Address:** 10900 60th St N, STILLWATER, MN, 55082-5741
- **NAICS:** 424990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $697K
- **Initial approval:** $697K
- **Forgiven:** $703K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $667K
- **Rent:** $25K
- **Utilities:** $5K
- **Jobs reported:** 53
## Lender
- **Originating:** First Resource Bank
- **Servicing:** First Resource Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*