# PPP loan: NORTHWEST ASPHALT INC
> **$4.28M** approved 04/14/2020 · Paid in Full · Loan `6696497104`
## Borrower
- **Name:** NORTHWEST ASPHALT INC
- **Address:** 1451 STAGECOACH RD, SHAKOPEE, MN, 55379-8045
- **NAICS:** 324121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $4.28M
- **Initial approval:** $4.28M
- **Forgiven:** $4.33M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.12M
- **Rent:** $152K
- **Mortgage interest:** $10K
- **Utilities:** $5K
- **Jobs reported:** 148
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*