# PPP loan: ERICCO TOOL & MANUFACTURING COMPANY
> **$350K** approved 04/07/2020 · Paid in Full · Loan `7428817004`
## Borrower
- **Name:** ERICCO TOOL & MANUFACTURING COMPANY
- **Address:** 21005 220TH AVE NW, VIKING, MN, 56760-9534
- **NAICS:** 333517
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $350K
- **Initial approval:** $350K
- **Forgiven:** $352K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $300K
- **Utilities:** $50K
- **Jobs reported:** 33
## Lender
- **Originating:** Northern State Bank of Thief River Falls
- **Servicing:** Northern State Bank of Thief River Falls (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*