Farmers Agency INC

$140,200 PPP Loan in Elbow Lake, Minnesota

Loan Details

Loan Number
1104777110
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$140,200
Current Approval
$140,200
Forgiveness Amount
$102,617
Forgiveness Date
Feb 19, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Farmers Agency INC
Address
105 1st Avenue Northeast
ZIP Code
56531-4133
Business Type
Subchapter S Corporation
Industry (NAICS)
Finance and Insurance (524210)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$105,150
Utilities
$17,525
Mortgage Interest
$17,525

Lender Information

Servicing Lender
American Federal Bank
Originating Lender
American Federal Bank

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