Classic Acrylics INC

$295,900 PPP Loan in Elk River, Minnesota

Loan Details

Loan Number
5919747002
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$295,900
Current Approval
$295,900
Forgiveness Amount
$298,136
Forgiveness Date
Jan 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Classic Acrylics INC
Address
11040 Industrial Cir NW
ZIP Code
55330-4729
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (326121)
Business Age
Existing or more than 2 years old
Jobs Reported
21
Estimated Revenue
$20.8M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$221,925
Rent
$59,180
Utilities
$14,795

Lender Information

Servicing Lender
First Bank Elk River
Originating Lender
First Bank Elk River

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