PPP Loan information for Modern farm equipment inc

$260,536

Modern farm equipment inc was initially approved for PPP Loan of amount $279,899, the current approved amount is $260,536. The loan was approved on 04/07/2020 by The Stearns Bank National Association reported 20 jobs and $260,536 was used to fund payroll.

Modern farm equipment inc is Existing or more than 2 years old

PPP Loan Search / MN / SAUK CENTRE / Modern farm equipment inc

MODERN FARM EQUIPMENT INC

Date Approved

04/07/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MODERN FARM EQUIPMENT INC

Borrower Address

40486 408th Street

Borrower City

SAUK CENTRE

Borrower State

MN

Borrower Zip

56378-8442

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

279899.00

Current Approval Amount

260536.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36581

Servicing Lender Name

Stearns Bank National Association

Servicing Lender Address

4191 2nd St South

Servicing Lender City

SAINT CLOUD

Servicing Lender State

MN

Servicing Lender Zip

56301-3761

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAUK CENTRE

Project County Name

STEARNS

Project State

MN

Project Zip

56378-8442

CD

MN-07

Jobs Reported

20

NAICS Code

424910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

8100.00

Payroll Proceed

200936.00

Mortgage Interest Proceed

0.00

Rent Proceed

32000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

15000.00

Debt Interest Proceed

4500

Business Type

Corporation

Originating Lender Location Id

36581

Originating Lender

Stearns Bank National Association

Originating Lender City

SAINT CLOUD

Originating Lender State

MN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

262156.32

Forgiveness Date

11/30/2020

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