# PPP loan: EXCELSIOR TOOL COMPANY INC
> **$190K** approved 04/08/2020 · Paid in Full · Loan `7884107007`
## Borrower
- **Name:** EXCELSIOR TOOL COMPANY INC
- **Address:** 1474 COUNTY ROAD 90, MAPLE PLAIN, MN, 55359-9525
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Rent:** $10K
- **Health care:** $24K
- **Jobs reported:** 9
## Lender
- **Originating:** First Minnetonka City Bank
- **Servicing:** First Minnetonka City Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*