PPP Loan information for Reeck farm llc

$162,600

Reeck farm llc was initially approved for PPP Loan of amount $138,300, the current approved amount is $162,600. The loan was approved on 04/06/2020 by The Magnifi Financial CU reported 16 jobs and $162,600 was used to fund payroll.

Reeck farm llc is Existing or more than 2 years old

REECK FARM LLC

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

REECK FARM LLC

Borrower Address

29949 230TH ST

Borrower City

PAYNESVILLE

Borrower State

MN

Borrower Zip

56362-9381

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

138300.00

Current Approval Amount

162600.00

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

56362-9381

CD

MN-07

Jobs Reported

16

NAICS Code

112120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8100.00

Payroll Proceed

137500.00

Mortgage Interest Proceed

7000.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

164297.28

Forgiveness Date

04/27/2021

;