# PPP loan: SMI & HYDRAULICS INC
> **$353K** approved 04/07/2020 · Paid in Full · Loan `6957577005`
## Borrower
- **Name:** SMI & HYDRAULICS INC
- **Address:** 401 Lone Tree Street, PORTER, MN, 56280-9787
- **NAICS:** 331221
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $353K
- **Initial approval:** $353K
- **Forgiven:** $356K (101%)
- **Forgiveness date:** 04/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $353K
- **Jobs reported:** 32
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*