Date Approved
01/16/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
NELSON FARMING ASSOCIATION
Borrower Address
11521 Fern Beach Dr
Borrower City
Detroit Lakes
Borrower State
MN
Borrower Zip
56501-7202
Loan Status Date
08/12/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
147500.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
52856
Servicing Lender Name
Dakota Heritage Bank
Servicing Lender Address
109 Main St
Servicing Lender City
HUNTER
Servicing Lender State
ND
Servicing Lender Zip
58048
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
BECKER
Project State
Project Zip
CD
MN-07
Jobs Reported
51
NAICS Code
111211
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
147498.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
148219.32
Forgiveness Date
07/19/2021