Market Distribution, Inc.

$604,100 PPP Loan in Burnsville, Minnesota

Loan Details

Loan Number
7387877003
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$604,100
Current Approval
$604,100
Forgiveness Amount
$608,866
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Market Distribution, Inc.
Address
25 Cliff Rd W Suite 115
ZIP Code
55337-1606
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423990)
Business Age
Existing or more than 2 years old
Jobs Reported
57
Estimated Revenue
$17.5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$469,100
Rent
$100,000
Utilities
$20,000
Mortgage Interest
$15,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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