# PPP loan: DYNOTEC INDUSTRIES, INC.
> **$242K** approved 04/07/2020 · Paid in Full · Loan `7438647005`
## Borrower
- **Name:** DYNOTEC INDUSTRIES, INC.
- **Address:** 875 Corporate Drive, JORDAN, MN, 55352-4547
- **NAICS:** 336350
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 08/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 23
## Lender
- **Originating:** New Market Bank
- **Servicing:** New Market Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*