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The Woodshop of Avon INC

$368,000 PPP Loan in Albany, Minnesota

Loan Details

Loan Number
6836227107
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$368,000
Current Approval
$368,000
Forgiveness Amount
$370,591
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
The Woodshop of Avon INC
Address
1452 Rail Road Avenue
City
Albany
State
Minnesota
ZIP Code
56307
Business Type
Corporation
Industry (NAICS)
Manufacturing (337110)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$7.3M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$309,103
Rent
$21,756
Utilities
$8,500
Health Care
$28,641

Lender Information

Servicing Lender
Stearns Bank National Association
Originating Lender
Stearns Bank National Association

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