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Atscott Mgf, Inc.

$700,000 PPP Loan in Pine City, Minnesota

Loan Details

Loan Number
4173317109
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$700,000
Current Approval
$700,000
Forgiveness Amount
$704,334
Forgiveness Date
Dec 4, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Atscott Mgf, Inc.
Address
1150 Holstein Drive NE
City
Pine City
State
Minnesota
ZIP Code
55063-1464
Business Type
Corporation
Industry (NAICS)
Manufacturing (332710)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$15.2M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$525,000
Utilities
$70,000
Mortgage Interest
$105,000

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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