# PPP loan: TRUECUT CONSTRUCTION LLC
> **$841K** approved 05/12/2020 · Charged Off · Loan `5227937402`
## Borrower
- **Name:** TRUECUT CONSTRUCTION LLC
- **Address:** 8601 73rd Avenue North, Minneapolis, MN, 55428
- **NAICS:** 236115
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $841K
- **Initial approval:** $841K
- **Status:** Charged Off
- **Term:** 5 months
## Use of funds
- **Payroll:** $631K
- **Utilities:** $210K
- **Jobs reported:** 30
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*