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Deruyter Pallets

$180,280 PPP Loan in Ruthton, Minnesota

Loan Details

Loan Number
9463627000
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$180,280
Current Approval
$180,280
Forgiveness Amount
$181,382
Forgiveness Date
Nov 17, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Deruyter Pallets
Address
1804 221st Street
City
Ruthton
State
Minnesota
ZIP Code
56170-1096
Business Type
Sole Proprietorship
Industry (NAICS)
Construction (238990)
Business Age
Existing or more than 2 years old
Jobs Reported
19
Estimated Revenue
$6.5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$162,252
Utilities
$18,028

Lender Information

Servicing Lender
First Independent Bank
Originating Lender
First Independent Bank

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