PPP Loan information for Farmers cooperative company

$415,000

Farmers cooperative company was initially approved for PPP Loan of amount $415,000, the current approved amount is $415,000. The loan was approved on 04/04/2020 by The Readlyn Savings Bank reported 28 jobs and $415,000 was used to fund payroll.

Farmers cooperative company is Existing or more than 2 years old

PPP Loan Search / IA / READLYN / Farmers cooperative company

FARMERS COOPERATIVE COMPANY

Date Approved

04/04/2020

SBA Office Code

0736

Processing Method

PPP

Borrower Name

FARMERS COOPERATIVE COMPANY

Borrower Address

223 East First Street

Borrower City

READLYN

Borrower State

IA

Borrower Zip

50668-9709

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

415000.00

Current Approval Amount

415000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25403

Servicing Lender Name

Readlyn Savings Bank

Servicing Lender Address

141 Main St

Servicing Lender City

READLYN

Servicing Lender State

IA

Servicing Lender Zip

50668

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

READLYN

Project County Name

BREMER

Project State

IA

Project Zip

50668-9709

CD

IA-02

Jobs Reported

28

NAICS Code

424910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

41500.00

Payroll Proceed

332000.00

Mortgage Interest Proceed

0.00

Rent Proceed

41500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25403

Originating Lender

Readlyn Savings Bank

Originating Lender City

READLYN

Originating Lender State

IA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

417340.14

Forgiveness Date

11/03/2020

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