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Thorstad Companies

$437,000 PPP Loan in Chokio, Minnesota

Loan Details

Loan Number
1468207104
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$437,000
Current Approval
$437,000
Forgiveness Amount
$440,532
Forgiveness Date
Feb 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Thorstad Companies
Address
101 2nd St. W
City
Chokio
State
Minnesota
ZIP Code
56221
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (237130)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$7.1M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$437,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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