# PPP loan: MESABI BITUMINOUS, INC.
> **$603K** approved 04/04/2020 · Paid in Full · Loan `4901827010`
## Borrower
- **Name:** MESABI BITUMINOUS, INC.
- **Address:** 4988 Enterprise Dr, GILBERT, MN, 55741-1000
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $603K
- **Initial approval:** $603K
- **Forgiven:** $610K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $482K
- **Utilities:** $121K
- **Jobs reported:** 22
## 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*