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Fairmont Foods, Inc.

$2,684,100 PPP Loan in Fairmont, Minnesota

Loan Details

Loan Number
5999377008
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$2,684,100
Current Approval
$2,684,100
Forgiveness Amount
$2,720,708
Forgiveness Date
Aug 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fairmont Foods, Inc.
Address
905 E 4th St.
City
Fairmont
State
Minnesota
ZIP Code
56031-4014
Business Type
Corporation
Industry (NAICS)
Manufacturing (311412)
Business Age
Existing or more than 2 years old
Jobs Reported
328
Estimated Revenue
$115.8M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$2,095,310
Rent
$43,632
Utilities
$301,355
Health Care
$146,803
Mortgage Interest
$33,000
Debt Interest
$64,000

Lender Information

Servicing Lender
Deerwood Bank
Originating Lender
Deerwood Bank

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