Superior Iron LLC

$367,000 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
1120057106
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$367,000
Current Approval
$367,000
Forgiveness Amount
$369,212
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Superior Iron LLC
Address
17239 Ulysses St NW
ZIP Code
55330-1571
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (332323)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$5.4M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$293,600
Rent
$27,500
Utilities
$17,000
Health Care
$22,600
Debt Interest
$6,300

Lender Information

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

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