# PPP loan: FRASER STEEL COMPANY
> **$767K** approved 02/12/2021 · Paid in Full · Loan `8073558402`
## Borrower
- **Name:** FRASER STEEL COMPANY
- **Address:** 11915 53rd St NE, Albertville, MN, 55301-3964
- **NAICS:** 332996
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $767K
- **Initial approval:** $767K
- **Forgiven:** $773K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $766K
- **Utilities:** $1
- **Jobs reported:** 57
## Lender
- **Originating:** Alerus Financial, National Association
- **Servicing:** Alerus Financial, National Association (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*