# PPP loan: MINNESOTA INDUSTRIES INC
> **$285K** approved 04/04/2020 · Paid in Full · Loan `4780587002`
## Borrower
- **Name:** MINNESOTA INDUSTRIES INC
- **Address:** 610 W Drive, CHISHOLM, MN, 55719-2077
- **NAICS:** 423840
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $301K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $228K
- **Mortgage interest:** $50K
- **Utilities:** $7K
- **Jobs reported:** 24
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*