# PPP loan: BSI MECHANICAL INC
> **$503K** approved 04/14/2020 · Paid in Full · Loan `7067137103`
## Borrower
- **Name:** BSI MECHANICAL INC
- **Address:** 10327 FLANDERS ST NE, MINNEAPOLIS, MN, 55449-5711
- **NAICS:** 238220
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $503K
- **Initial approval:** $503K
- **Forgiven:** $509K (101%)
- **Forgiveness date:** 05/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $377K
- **Rent:** $101K
- **Utilities:** $25K
- **Jobs reported:** 23
## 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*