Midwest Steel Supply Co.

$473,100 PPP Loan in Rogers, Minnesota

Loan Details

Loan Number
7410257004
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$473,100
Current Approval
$473,100
Forgiveness Amount
$476,464
Forgiveness Date
Dec 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Midwest Steel Supply Co.
Address
14255 James Road
City
Rogers
ZIP Code
55374-9479
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423510)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
$14.7M
Rural/Urban
Urban
Congressional District
MN-03

Loan Use Breakdown

Payroll
$383,724
Rent
$44,000
Utilities
$18,427
Health Care
$25,219
Debt Interest
$1,730

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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