# PPP loan: SUPERIOR MATERIAL HANDLING INC.
> **$299K** approved 01/23/2021 · Paid in Full · Loan `5021858305`
## Borrower
- **Name:** SUPERIOR MATERIAL HANDLING INC.
- **Address:** 11350 Xeon St NW, Coon Rapids, MN, 55448-3147
- **NAICS:** 488999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $299K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $299K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** Old National Bank
- **Servicing:** Old National Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*