# PPP loan: STONEWORKS ARCHITECTURAL PRECAST
> **$345K** approved 04/04/2020 · Paid in Full · Loan `4902437002`
## Borrower
- **Name:** STONEWORKS ARCHITECTURAL PRECAST
- **Address:** 11555 205TH AVE, ELK RIVER, MN, 55330-8782
- **NAICS:** 327390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $345K
- **Initial approval:** $345K
- **Forgiven:** $349K (101%)
- **Forgiveness date:** 06/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $259K
- **Mortgage interest:** $69K
- **Utilities:** $17K
- **Jobs reported:** 31
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*