The Fibersmith Company

$213,000 PPP Loan in Blooming Prairie, Minnesota

Loan Details

Loan Number
6418577006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$213,000
Current Approval
$213,000
Forgiveness Amount
$215,935
Forgiveness Date
Aug 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
The Fibersmith Company
Address
10283 685th St
ZIP Code
55917-7024
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335921)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$5.2M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$201,300
Rent
$4,600
Utilities
$4,500
Mortgage Interest
$2,100
Debt Interest
$500

Lender Information

Servicing Lender
The Central Trust Bank
Originating Lender
The Central Trust Bank

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