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 04/14/2020 by The San Luis Valley Federal Bank reported 13 jobs and $151,980 was used to fund payroll.

Formation ag inc. is New Business or 2 years or less

PPP Loan Search / CO / MONTE VISTA / Formation ag inc.

FORMATION AG INC.

Date Approved

04/14/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

FORMATION AG INC.

Borrower Address

1021 US HIGHWAY 285

Borrower City

MONTE VISTA

Borrower State

CO

Borrower Zip

81144-9793

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

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

New Business or 2 years or less

Project City

MONTE VISTA

Project County Name

RIO GRANDE

Project State

CO

Project Zip

81144-9793

CD

CO-03

Jobs Reported

13

NAICS Code

333111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4559.40

Payroll Proceed

136782.00

Mortgage Interest Proceed

10638.60

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

153166.69

Forgiveness Date

01/28/2021

;