PPP Loan information for Mgp farms, llc

$63,500

Mgp farms, llc was initially approved for PPP Loan of amount $42,700, the current approved amount is $63,500. The loan was approved on 04/08/2020 by The Northwest Bank reported 4 jobs and $63,500 was used to fund payroll.

Mgp farms, llc is Existing or more than 2 years old

PPP Loan Search / IA / SPENCER / Mgp farms, llc

MGP FARMS, LLC

Date Approved

04/08/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

MGP FARMS, LLC

Borrower Address

3580 270th Ave

Borrower City

SPENCER

Borrower State

IA

Borrower Zip

51301-7592

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

42700.00

Current Approval Amount

63500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

82664

Servicing Lender Name

Northwest Bank

Servicing Lender Address

705 Grand Ave

Servicing Lender City

SPENCER

Servicing Lender State

IA

Servicing Lender Zip

51301-3707

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPENCER

Project County Name

CLAY

Project State

IA

Project Zip

51301-7592

CD

IA-04

Jobs Reported

4

NAICS Code

111150

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

52825.00

Mortgage Interest Proceed

10675.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

82664

Originating Lender

Northwest Bank

Originating Lender City

SPENCER

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

64223.19

Forgiveness Date

06/02/2021

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