Mat INC

$308,400 PPP Loan in Floodwood, Minnesota

Loan Details

Loan Number
4496267101
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$308,400
Current Approval
$289,500
Forgiveness Amount
$291,124
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mat INC
Address
12402 Hwy 2
ZIP Code
55736-8301
Business Type
Corporation
Industry (NAICS)
Manufacturing (321999)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$27.8M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$231,600
Utilities
$40,000
Mortgage Interest
$17,900

Lender Information

Servicing Lender
Park State Bank
Originating Lender
Park State Bank

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