PPP Loan information for Nelson farming association

$112,400

Nelson farming association was initially approved for PPP Loan of amount $112,400, the current approved amount is $112,400. The loan was approved on 04/07/2020 by The Dakota Heritage Bank reported 29 jobs and $112,400 was used to fund payroll.

Nelson farming association is Existing or more than 2 years old

PPP Loan Search / MN / DETROIT LAKES / Nelson farming association

NELSON FARMING ASSOCIATION

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NELSON FARMING ASSOCIATION

Borrower Address

11521 Fern Beach Drive

Borrower City

DETROIT LAKES

Borrower State

MN

Borrower Zip

56501-7202

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

112400.00

Current Approval Amount

112400.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

DETROIT LAKES

Project County Name

BECKER

Project State

MN

Project Zip

56501-7202

CD

MN-07

Jobs Reported

29

NAICS Code

111211

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

5000.00

Payroll Proceed

90000.00

Mortgage Interest Proceed

0.00

Rent Proceed

17400.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

52856

Originating Lender

Dakota Heritage Bank

Originating Lender City

HUNTER

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

113022.05

Forgiveness Date

11/03/2020

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