PPP Loan information for Magnusson farms

$48,895

Magnusson farms was initially approved for PPP Loan of amount $48,895, the current approved amount is $48,895. The loan was approved on 04/13/2020 by The Citizens State Bank of Roseau reported 6 jobs and $48,895 was used to fund payroll.

Magnusson farms is Existing or more than 2 years old

MAGNUSSON FARMS

Date Approved

04/13/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MAGNUSSON FARMS

Borrower Address

37605 State Hwy 11

Borrower City

ROSEAU

Borrower State

MN

Borrower Zip

56751-8238

Loan Status Date

02/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48895.00

Current Approval Amount

48895.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38799

Servicing Lender Name

Citizens State Bank of Roseau

Servicing Lender Address

118 Main Ave South

Servicing Lender City

ROSEAU

Servicing Lender State

MN

Servicing Lender Zip

56751-1512

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROSEAU

Project County Name

ROSEAU

Project State

MN

Project Zip

56751-8238

CD

MN-07

Jobs Reported

6

NAICS Code

111199

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

48895.00

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

Partnership

Originating Lender Location Id

38799

Originating Lender

Citizens State Bank of Roseau

Originating Lender City

ROSEAU

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

49256.28

Forgiveness Date

01/08/2021

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