Tc/american Crane Company

$1,068,200 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
1107257102
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,068,200
Current Approval
$1,068,200
Forgiveness Amount
$1,077,250
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Tc/american Crane Company
Address
11110 Industrial Circle Nw, Suite a
ZIP Code
55330-2452
Business Type
Corporation
Industry (NAICS)
Manufacturing (333923)
Business Age
Existing or more than 2 years old
Jobs Reported
68
Estimated Revenue
$17.8M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$816,400
Rent
$61,700
Utilities
$44,800
Health Care
$129,300
Debt Interest
$16,000

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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