# PPP loan: SMITH FOUNDRY COMPANY
> **$900K** approved 04/05/2020 · Paid in Full · Loan `5155977000`
## Borrower
- **Name:** SMITH FOUNDRY COMPANY
- **Address:** 1855 E 28TH ST, MINNEAPOLIS, MN, 55407-1248
- **NAICS:** 333511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $900K
- **Initial approval:** $645K
- **Forgiven:** $906K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $900K
- **Jobs reported:** 58
## Lender
- **Originating:** Sterling State Bank
- **Servicing:** Sterling State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*