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Werakro, Inc.

$958,335 PPP Loan in New Ulm, Minnesota

Loan Details

Loan Number
9528287007
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$958,335
Current Approval
$958,335
Forgiveness Amount
$967,419
Forgiveness Date
Mar 31, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Werakro, Inc.
Address
1705 Broadway
City
New Ulm
State
Minnesota
ZIP Code
56073
Business Type
Cooperative
Industry (NAICS)
Accommodation and Food Services (722513)
Business Age
Existing or more than 2 years old
Jobs Reported
275
Estimated Revenue
$48.8M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$718,752
Utilities
$95,833
Mortgage Interest
$143,750

Lender Information

Servicing Lender
Frandsen Bank & Trust
Originating Lender
Frandsen Bank & Trust

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