PPP Loan information for Paynesville farmers union coop oil co.

$363,300

Paynesville farmers union coop oil co. was initially approved for PPP Loan of amount $363,300, the current approved amount is $363,300. The loan was approved on 04/08/2020 by The Magnifi Financial CU reported 26 jobs and $363,300 was used to fund payroll.

Paynesville farmers union coop oil co. is Existing or more than 2 years old

PPP Loan Search / MN / PAYNESVILLE / Paynesville farmers union coop oil co.

PAYNESVILLE FARMERS UNION COOP OIL CO.

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

PAYNESVILLE FARMERS UNION COOP OIL CO.

Borrower Address

419 BUSINESS 23

Borrower City

PAYNESVILLE

Borrower State

MN

Borrower Zip

56362-4111

Loan Status Date

01/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

363300.00

Current Approval Amount

363300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PAYNESVILLE

Project County Name

STEARNS

Project State

MN

Project Zip

56362-4111

CD

MN-07

Jobs Reported

26

NAICS Code

424910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6000.00

Payroll Proceed

320000.00

Mortgage Interest Proceed

37300.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Cooperative

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

369282.01

Forgiveness Date

12/09/2021

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