PPP Loan information for Formation ag inc

$151,980

Formation ag inc was initially approved for PPP Loan of amount $151,980, the current approved amount is $151,980. The loan was approved on 02/09/2021 by The San Luis Valley Federal Bank reported 8 jobs and $151,980 was used to fund payroll.

Formation ag inc is Existing or more than 2 years old

PPP Loan Search / CO / Monte Vista / Formation ag inc

FORMATION AG INC

Date Approved

02/09/2021

SBA Office Code

0811

Processing Method

PPS

Borrower Name

FORMATION AG INC

Borrower Address

1021 US Highway 285 N

Borrower City

Monte Vista

Borrower State

CO

Borrower Zip

81144-9793

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

151980.00

Current Approval Amount

151980.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78848

Servicing Lender Name

San Luis Valley Federal Bank

Servicing Lender Address

401 Edison Ave

Servicing Lender City

ALAMOSA

Servicing Lender State

CO

Servicing Lender Zip

81101-2535

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Monte Vista

Project County Name

RIO GRANDE

Project State

CO

Project Zip

81144-9793

CD

CO-03

Jobs Reported

8

NAICS Code

333111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

151978.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

78848

Originating Lender

San Luis Valley Federal Bank

Originating Lender City

ALAMOSA

Originating Lender State

CO

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

152496.32

Forgiveness Date

06/15/2021

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