Special Cutting Tools, Inc.

$16,667 PPP Loan in Saint Michael, Minnesota

Loan Details

Loan Number
7052687101
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$16,667
Current Approval
$16,667
Forgiveness Amount
$16,765
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Special Cutting Tools, Inc.
Address
9221 10th St
ZIP Code
55376-9208
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333514)
Business Age
Existing or more than 2 years old
Jobs Reported
2
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$13,333
Utilities
$1,667
Mortgage Interest
$1,667

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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