Minnesota Valve and Fitting Co

$654,286 PPP Loan in Chaska, Minnesota

Loan Details

Loan Number
6698257008
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$654,286
Current Approval
$654,286
Forgiveness Amount
$642,117
Forgiveness Date
Nov 10, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Minnesota Valve and Fitting Co
Address
321 Lake Hazeltine Dr
City
Chaska
ZIP Code
55318-1033
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423690)
Business Age
Existing or more than 2 years old
Jobs Reported
37
Estimated Revenue
$11.3M
Rural/Urban
Urban
Congressional District
MN-06

Loan Use Breakdown

Payroll
$614,786
Rent
$34,500
Utilities
$5,000

Lender Information

Servicing Lender
Scale Bank
Originating Lender
Scale Bank

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