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Herman Manufacturing Co

$340,000 PPP Loan in Wells, Minnesota

Loan Details

Loan Number
1887797100
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$340,000
Current Approval
$340,000
Forgiveness Amount
$344,732
Forgiveness Date
Sep 13, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Herman Manufacturing Co
Address
650 3rd St NW
City
Wells
State
Minnesota
ZIP Code
56097-2000
Business Type
Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
44
Estimated Revenue
$11.5M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$340,000

Lender Information

Servicing Lender
Palo Savings Bank
Originating Lender
Palo Savings Bank

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