Briese Iron Works INC

$1,223,000 PPP Loan in Rochester, Minnesota

Loan Details

Loan Number
4408777004
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$1,223,000
Current Approval
$1,223,000
Forgiveness Amount
$1,229,802
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Briese Iron Works INC
Address
7010 Dresser Drive NE
ZIP Code
55906-8967
Business Type
Corporation
Industry (NAICS)
Manufacturing (332313)
Business Age
Existing or more than 2 years old
Jobs Reported
75
Estimated Revenue
$18.3M
Rural/Urban
Urban
Congressional District
MN-01

Loan Use Breakdown

Payroll
$1,101,855
Rent
$28,000
Utilities
$25,382
Health Care
$67,763

Lender Information

Servicing Lender
Peoples State Bank of Plainview
Originating Lender
Peoples State Bank of Plainview

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