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Minpack, Inc.

$346,550 PPP Loan in Pine City, Minnesota

Loan Details

Loan Number
5202227002
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$346,550
Current Approval
$302,074
Forgiveness Amount
$303,953
Forgiveness Date
Nov 27, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Minpack, Inc.
Address
400 2nd Street SE
City
Pine City
State
Minnesota
ZIP Code
55063-1208
Business Type
Corporation
Industry (NAICS)
Manufacturing (323111)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$42.6M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$269,412
Rent
$8,566
Utilities
$12,796
Mortgage Interest
$11,300

Lender Information

Servicing Lender
Stearns Bank National Association
Originating Lender
Stearns Bank National Association

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