# PPP loan: MONTAG MANUFACTURING, INC.
> **$340K** approved 04/06/2020 · Paid in Full · Loan `6322387003`
## Borrower
- **Name:** MONTAG MANUFACTURING, INC.
- **Address:** 2737 VAN DORN RD, MILFORD, NE, 68405-8742
- **NAICS:** 333111
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $340K
- **Initial approval:** $367K
- **Forgiven:** $346K (102%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $309K
- **Rent:** $25K
- **Utilities:** $6K
- **Jobs reported:** 27
## Lender
- **Originating:** CharterWest Bank
- **Servicing:** CharterWest Bank (NE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*