# PPP loan: PATRIOT ERECTORS, INC.
> **$507K** approved 04/07/2020 · Paid in Full · Loan `6978157007`
## Borrower
- **Name:** PATRIOT ERECTORS, INC.
- **Address:** 9520 COUNTY ROAD 19 ste B, LORETTO, MN, 55357-2200
- **NAICS:** 238120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $507K
- **Initial approval:** $507K
- **Forgiven:** $513K (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $127K
- **Jobs reported:** 19
## Lender
- **Originating:** First Bank Elk River
- **Servicing:** First Bank Elk River (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*