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Steger Designs, Inc.

$135,000 PPP Loan in Ely, Minnesota

Loan Details

Loan Number
5348767003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$135,000
Current Approval
$135,000
Forgiveness Amount
$135,806
Forgiveness Date
Nov 19, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Steger Designs, Inc.
Address
100 Miners Drive
City
Ely
State
Minnesota
ZIP Code
55731
Business Type
Corporation
Industry (NAICS)
Manufacturing (316210)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$11.3M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$101,250
Utilities
$6,750
Health Care
$13,500
Mortgage Interest
$13,500

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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