# PPP loan: SUPERIOR ROCK BIT COMPANY
> **$299K** approved 04/06/2020 · Paid in Full · Loan `5837837001`
## Borrower
- **Name:** SUPERIOR ROCK BIT COMPANY
- **Address:** 1401 W CHESTNUT ST, VIRGINIA, MN, 55792-3416
- **NAICS:** 333120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $299K
- **Initial approval:** $343K
- **Forgiven:** $301K (101%)
- **Forgiveness date:** 03/15/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $239K
- **Utilities:** $30K
- **Health care:** $30K
- **Jobs reported:** 13
## Lender
- **Originating:** Park State Bank
- **Servicing:** Park State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*