# PPP loan: TESKE MANUFACTURING, INC.
> **$219K** approved 04/05/2020 · Paid in Full · Loan `5243717003`
## Borrower
- **Name:** TESKE MANUFACTURING, INC.
- **Address:** 910 W WILSON ST, SPRINGFIELD, MN, 56087-1290
- **NAICS:** 532120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $219K
- **Initial approval:** $219K
- **Forgiven:** $221K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $176K
- **Rent:** $10K
- **Mortgage interest:** $4K
- **Utilities:** $30K
- **Jobs reported:** 30
## Lender
- **Originating:** Farmers and Merchants State Bank of Springfield
- **Servicing:** Farmers and Merchants State Bank of Springfield (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*