# PPP loan: MRG TOOL AND DIE CORP
> **$914K** approved 04/06/2020 · Paid in Full · Loan `6197957008`
## Borrower
- **Name:** MRG TOOL AND DIE CORP
- **Address:** 1100 CANNON CIR, FARIBAULT, MN, 55021-3619
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $914K
- **Initial approval:** $914K
- **Forgiven:** $920K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $870K
- **Health care:** $44K
- **Jobs reported:** 71
## Lender
- **Originating:** 1st United Bank
- **Servicing:** 1st United Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*