# PPP loan: MNSTAR TECHNOLOGIES, INC.
> **$487K** approved 04/09/2020 · Paid in Full · Loan `9215357003`
## Borrower
- **Name:** MNSTAR TECHNOLOGIES, INC.
- **Address:** 4201 EAST US HIGHWAY 169, GRAND RAPIDS, MN, 55744-4414
- **NAICS:** 335931
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $487K
- **Initial approval:** $487K
- **Forgiven:** $490K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $400K
- **Mortgage interest:** $20K
- **Utilities:** $40K
- **Debt interest:** $27K
- **Jobs reported:** 48
## Lender
- **Originating:** Woodland Bank
- **Servicing:** Woodland Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*