Hi-Yield Products Inc.

$151,200 PPP Loan in Alden, Minnesota

Loan Details

Loan Number
4482407007
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$151,200
Current Approval
$151,200
Forgiveness Amount
$152,506
Forgiveness Date
Feb 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hi-Yield Products Inc.
Address
23280 620th Ave
City
Alden
ZIP Code
56009-4328
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (424910)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$6.4M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$113,400
Utilities
$18,900
Mortgage Interest
$18,900

Lender Information

Servicing Lender
Manufacturers Bank & Trust Company
Originating Lender
Manufacturers Bank & Trust Company

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