# PPP loan: BUILDING FASTENERS OF MINNESOTA, INC.
> **$1.38M** approved 04/04/2020 · Paid in Full · Loan `4965017002`
## Borrower
- **Name:** BUILDING FASTENERS OF MINNESOTA, INC.
- **Address:** 7100 Sunwood Drive NW, Ramsey, MN, 55303-5100
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.38M
- **Initial approval:** $1.38M
- **Forgiven:** $1.39M (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Rent:** $193K
- **Utilities:** $28K
- **Health care:** $28K
- **Debt interest:** $28K
- **Jobs reported:** 137
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*