# PPP loan: MINNESOTA VALVE AND FITTING CO
> **$654K** approved 04/07/2020 · Paid in Full · Loan `6698257008`
## Borrower
- **Name:** MINNESOTA VALVE AND FITTING CO
- **Address:** 321 LAKE HAZELTINE DR, CHASKA, MN, 55318-1033
- **NAICS:** 423690
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $654K
- **Initial approval:** $654K
- **Forgiven:** $642K (98%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $615K
- **Rent:** $35K
- **Utilities:** $5K
- **Jobs reported:** 37
## Lender
- **Originating:** Scale Bank
- **Servicing:** Scale Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*