# PPP loan: AMERICAN TIME & SIGNAL CO
> **$685K** approved 04/06/2020 · Paid in Full · Loan `6226077004`
## Borrower
- **Name:** AMERICAN TIME & SIGNAL CO
- **Address:** 140 3rd St, DASSEL, MN, 55325-4511
- **NAICS:** 334519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $685K
- **Initial approval:** $685K
- **Forgiven:** $688K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $576K
- **Rent:** $50K
- **Utilities:** $14K
- **Health care:** $45K
- **Jobs reported:** 63
## Lender
- **Originating:** Deerwood Bank
- **Servicing:** Deerwood Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*