PPP Loan information for Granite falls foods, inc

$155,500

Granite falls foods, inc was initially approved for PPP Loan of amount $155,500, the current approved amount is $155,500. The loan was approved on 04/05/2020 by The FM Bank reported 30 jobs and $155,500 was used to fund payroll.

Granite falls foods, inc is Existing or more than 2 years old

GRANITE FALLS FOODS, INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

GRANITE FALLS FOODS, INC

Borrower Address

1340 9th Street

Borrower City

GRANITE FALLS

Borrower State

MN

Borrower Zip

56241-1263

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

155500.00

Current Approval Amount

155500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38192

Servicing Lender Name

FM Bank

Servicing Lender Address

702 Prentice St

Servicing Lender City

GRANITE FALLS

Servicing Lender State

MN

Servicing Lender Zip

56241-1541

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GRANITE FALLS

Project County Name

YELLOW MEDICINE

Project State

MN

Project Zip

56241-1263

CD

MN-07

Jobs Reported

30

NAICS Code

445110

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

155500.00

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

Subchapter S Corporation

Originating Lender Location Id

38192

Originating Lender

FM Bank

Originating Lender City

GRANITE FALLS

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

155815.62

Forgiveness Date

01/28/2021

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