Root River Hardwoods INC
$453,100 PPP Loan in Preston, Minnesota
Loan Details
- Loan Number
- 6252897007
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $453,100
- Current Approval
- $453,100
- Forgiveness Amount
- $456,588
- Forgiveness Date
- Jan 20, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Root River Hardwoods INC
- Address
- 1300 Energy Drive Po Box 624
- City
- Preston
- State
- Minnesota
- ZIP Code
- 55965-1143
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (321113)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 44
- Estimated Revenue
- $43.6M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $360,000
- Rent
- $30,000
- Utilities
- $25,000
- Health Care
- $20,000
- Debt Interest
- $18,100
Lender Information
- Servicing Lender
- F & M Community Bank, National Association
- Originating Lender
- F & M Community Bank, National Association
Other PPP Loans in Preston, MN
| Business | Approved | |
|---|---|---|
| Maple Leaf Services INC | $548,400 |  Research |
| Preston Equipment Company | $292,000 | Research |
| Bredun LLC | $279,717 | Research |
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| Preston Dairy and Farm Association | $201,400 | Research |
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