# PPP loan: DRESEL CONTRACTING, INC.
> **$475K** approved 04/09/2020 · Paid in Full · Loan `9197437009`
## Borrower
- **Name:** DRESEL CONTRACTING, INC.
- **Address:** 24044 July Ave, CHISAGO CITY, MN, 55013-5018
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $475K
- **Initial approval:** $475K
- **Forgiven:** $481K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $380K
- **Rent:** $95K
- **Jobs reported:** 20
## Lender
- **Originating:** First State Bank of Wyoming
- **Servicing:** First State Bank of Wyoming (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*