Forsman Farms, INC
$2,431,117 PPP Loan in Howard Lake, Minnesota
Loan Details
- Loan Number
- 5098747004
- Date Approved
- Apr 5, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $2,431,117
- Current Approval
- $2,431,117
- Forgiveness Amount
- $2,459,491
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Forsman Farms, INC
- Address
- 1200 Commerce Blvd.
- City
- Howard Lake
- State
- Minnesota
- ZIP Code
- 55349-4542
- Business Type
- Corporation
- Industry (NAICS)
- Agriculture, Forestry, Fishing and Hunting (112310)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 228
- Estimated Revenue
- $37.3M
- Rural/Urban
- Rural
- Congressional District
- MN-06
Loan Use Breakdown
- Payroll
- $2,066,449
- Rent
- $121,556
- Utilities
- $243,112
Lender Information
- Servicing Lender
- Citizens Alliance Bank
- Originating Lender
- Citizens Alliance Bank
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