Nelson Farming Association
$112,400 PPP Loan in Detroit Lakes, Minnesota
Loan Details
- Loan Number
- 6702037005
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $112,400
- Current Approval
- $112,400
- Forgiveness Amount
- $113,022
- Forgiveness Date
- Nov 3, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Nelson Farming Association
- Address
- 11521 Fern Beach Drive
- City
- Detroit Lakes
- State
- Minnesota
- ZIP Code
- 56501-7202
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Agriculture, Forestry, Fishing and Hunting (111211)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 29
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $90,000
- Rent
- $17,400
- Utilities
- $5,000
Lender Information
- Servicing Lender
- Dakota Heritage Bank
- Originating Lender
- Dakota Heritage Bank
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