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Black Iron Rubber Company

$83,400 PPP Loan in Babbitt, Minnesota

Loan Details

Loan Number
6360747005
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$83,400
Current Approval
$75,500
Forgiveness Amount
$76,236
Forgiveness Date
Apr 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Black Iron Rubber Company
Address
12 Birch Blvd
City
Babbitt
State
Minnesota
ZIP Code
55706-1244
Business Type
Corporation
Industry (NAICS)
Manufacturing (326299)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
$6.0M
Rural/Urban
Rural
Congressional District
MN-08

Loan Use Breakdown

Payroll
$60,400
Utilities
$8,100
Health Care
$7,000

Lender Information

Servicing Lender
Park State Bank
Originating Lender
Park State Bank

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