Erdman Automation Corporation

$2,000,000 PPP Loan in Princeton, Minnesota

Loan Details

Loan Number
4694358308
Date Approved
Jan 23, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,015,278
Forgiveness Date
Nov 5, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Erdman Automation Corporation
Address
1603 14th St S
ZIP Code
55371-2320
Business Type
Corporation
Industry (NAICS)
Manufacturing (333249)
Business Age
Existing or more than 2 years old
Jobs Reported
112
Estimated Revenue
$29.3M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$2,000,000

Lender Information

Servicing Lender
Alliance Bank
Originating Lender
Alliance Bank

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