PPP Loan information for Farmers elevator of fergus falls

$188,300

Farmers elevator of fergus falls was initially approved for PPP Loan of amount $183,300, the current approved amount is $188,300. The loan was approved on 04/09/2020 by The American Federal Bank reported 31 jobs and $188,300 was used to fund payroll.

Farmers elevator of fergus falls is Existing or more than 2 years old

PPP Loan Search / MN / FERGUS FALLS / Farmers elevator of fergus falls

FARMERS ELEVATOR OF FERGUS FALLS

Date Approved

04/09/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FARMERS ELEVATOR OF FERGUS FALLS

Borrower Address

406 East Junius

Borrower City

FERGUS FALLS

Borrower State

MN

Borrower Zip

56537-2807

Loan Status Date

03/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

183300.00

Current Approval Amount

188300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

81371

Servicing Lender Name

American Federal Bank

Servicing Lender Address

215 5th St N

Servicing Lender City

FARGO

Servicing Lender State

ND

Servicing Lender Zip

58102-4867

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FERGUS FALLS

Project County Name

OTTER TAIL

Project State

MN

Project Zip

56537-2807

CD

MN-07

Jobs Reported

31

NAICS Code

424510

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

22912.50

Payroll Proceed

142475.00

Mortgage Interest Proceed

22912.50

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

81371

Originating Lender

American Federal Bank

Originating Lender City

FARGO

Originating Lender State

ND

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

189958.09

Forgiveness Date

02/25/2021

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