Pedersen Machine, Inc.

$259,500 PPP Loan in Beresford, South Dakota

Loan Details

Loan Number
5150257204
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$259,500
Current Approval
$259,500
Forgiveness Amount
$260,829
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Pedersen Machine, Inc.
Address
1610 W Main Street
ZIP Code
57004-1561
Business Type
Corporation
Industry (NAICS)
Manufacturing (333111)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
$6.0M
Rural/Urban
Rural
Congressional District
SD-

Loan Use Breakdown

Payroll
$241,500
Rent
$15,000
Utilities
$3,000

Lender Information

Servicing Lender
First Dakota National Bank
Originating Lender
First Dakota National Bank

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