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Silt Sock, Inc.

$568,602 PPP Loan in Foley, Minnesota

Loan Details

Loan Number
5875677002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$568,602
Current Approval
$557,000
Forgiveness Amount
$562,738
Forgiveness Date
Apr 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Silt Sock, Inc.
Address
333 Bronder Dr
City
Foley
State
Minnesota
ZIP Code
56329-4555
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423390)
Business Age
Existing or more than 2 years old
Jobs Reported
50
Estimated Revenue
$15.3M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$454,400
Rent
$54,000
Utilities
$48,600

Lender Information

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

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