Gruber Pallets, INC

$409,845 PPP Loan in Lake Elmo, Minnesota

Loan Details

Loan Number
5780727001
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$409,845
Current Approval
$409,845
Forgiveness Amount
$412,113
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Gruber Pallets, INC
Address
11490 Hudson Blvd
ZIP Code
55042-9702
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (321920)
Business Age
Existing or more than 2 years old
Jobs Reported
36
Estimated Revenue
$35.7M
Rural/Urban
Urban
Congressional District
MN-04

Loan Use Breakdown

Payroll
$356,645
Rent
$34,000
Utilities
$13,200
Health Care
$6,000

Lender Information

Servicing Lender
Lake Elmo Bank
Originating Lender
Lake Elmo Bank

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