# PPP loan: THE FIBERSMITH COMPANY
> **$213K** approved 04/06/2020 · Paid in Full · Loan `6418577006`
## Borrower
- **Name:** THE FIBERSMITH COMPANY
- **Address:** 10283  685TH ST, BLOOMING PRAIRIE, MN, 55917-7024
- **NAICS:** 335921
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $216K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $201K
- **Rent:** $5K
- **Mortgage interest:** $2K
- **Utilities:** $5K
- **Debt interest:** $500
- **Jobs reported:** 20
## Lender
- **Originating:** The Central Trust Bank
- **Servicing:** The Central Trust Bank (MO)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*