Preston Specialties INC

$200,100 PPP Loan in Lanesboro, Minnesota

Loan Details

Loan Number
8851177004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$200,100
Current Approval
$200,100
Forgiveness Amount
$201,968
Forgiveness Date
Mar 22, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Preston Specialties INC
Address
103 Coffee St
ZIP Code
55949-9748
Business Type
Corporation
Industry (NAICS)
Manufacturing (322211)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
$17.9M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$198,806
Utilities
$1,294

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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