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Precision Stainless, Inc.

$318,200 PPP Loan in Caledonia, Minnesota

Loan Details

Loan Number
4612757006
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$318,200
Current Approval
$318,200
Forgiveness Amount
$320,390
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Precision Stainless, Inc.
Address
921 Industry Rd
City
Caledonia
State
Minnesota
ZIP Code
55921-1838
Business Type
Corporation
Industry (NAICS)
Manufacturing (333999)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$8.9M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$254,541
Rent
$16,000
Mortgage Interest
$47,659

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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