Fraser Steel Co. Inc.

$766,500 PPP Loan in Albertville, Minnesota

Loan Details

Loan Number
8243547004
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$766,500
Current Approval
$766,500
Forgiveness Amount
$774,846
Forgiveness Date
May 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fraser Steel Co. Inc.
Address
11915 53rd Street NE
ZIP Code
55301-3964
Business Type
Corporation
Industry (NAICS)
Manufacturing (332996)
Business Age
Existing or more than 2 years old
Jobs Reported
60
Estimated Revenue
$14.7M
Rural/Urban
Rural
Congressional District
MN-06

Loan Use Breakdown

Payroll
$574,900
Utilities
$191,600

Lender Information

Servicing Lender
Alerus Financial, National Association
Originating Lender
Alerus Financial, National Association

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