Morgan Feedlots Inc.

$184,800 PPP Loan in Paynesville, Minnesota

Loan Details

Loan Number
6343447007
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$184,800
Current Approval
$211,000
Forgiveness Amount
$213,185
Forgiveness Date
Apr 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Morgan Feedlots Inc.
Address
26162 240th St
ZIP Code
56362-9740
Business Type
Corporation
Industry (NAICS)
Agriculture, Forestry, Fishing and Hunting (112112)
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$207,000
Rent
$1,500
Utilities
$2,500

Lender Information

Servicing Lender
Magnifi Financial Cu
Originating Lender
Magnifi Financial Cu

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