PPP Loan information for Ag tech drainage, llc

$200,500

Ag tech drainage, llc was initially approved for PPP Loan of amount $174,400, the current approved amount is $200,500. The loan was approved on 04/05/2020 by The Magnifi Financial CU reported 12 jobs and $200,500 was used to fund payroll.

Ag tech drainage, llc is Existing or more than 2 years old

PPP Loan Search / MN / SAUK CENTRE / Ag tech drainage, llc

AG TECH DRAINAGE, LLC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

AG TECH DRAINAGE, LLC

Borrower Address

40536 US Hwy 71

Borrower City

SAUK CENTRE

Borrower State

MN

Borrower Zip

56378-8432

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

174400.00

Current Approval Amount

200500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAUK CENTRE

Project County Name

STEARNS

Project State

MN

Project Zip

56378-8432

CD

MN-07

Jobs Reported

12

NAICS Code

238910

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

170500.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

201653.56

Forgiveness Date

11/05/2020

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