Petersons North Branch Mill INC

$393,500 PPP Loan in North Branch, Minnesota

Loan Details

Loan Number
5743237008
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$393,500
Current Approval
$340,441
Forgiveness Amount
$342,446
Forgiveness Date
Nov 19, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Petersons North Branch Mill INC
Address
Po Box 218
ZIP Code
55056
Business Type
Corporation
Industry (NAICS)
Retail Trade (453998)
Business Age
Existing or more than 2 years old
Jobs Reported
49
Estimated Revenue
$7.6M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$311,405
Utilities
$4,036
Mortgage Interest
$19,000
Debt Interest
$6,000

Lender Information

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

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