# PPP loan: FEY INDUSTRIES, INC.
> **$1.50M** approved 04/07/2020 · Paid in Full · Loan `6507927006`
## Borrower
- **Name:** FEY INDUSTRIES, INC.
- **Address:** 200 4TH AVE, EDGERTON, MN, 56128-1286
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.50M
- **Initial approval:** $1.50M
- **Forgiven:** $1.51M (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.20M
- **Utilities:** $301K
- **Jobs reported:** 155
## Lender
- **Originating:** First State Bank Southwest
- **Servicing:** First State Bank Southwest (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*