Modern Farm Equipment INC
$279,899 PPP Loan in Sauk Centre, Minnesota
Loan Details
- Loan Number
- 6826397010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $279,899
- Current Approval
- $260,536
- Forgiveness Amount
- $262,156
- Forgiveness Date
- Nov 30, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Modern Farm Equipment INC
- Address
- 40486 408th Street
- City
- Sauk Centre
- State
- Minnesota
- ZIP Code
- 56378-8442
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (424910)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 20
- Estimated Revenue
- $5.1M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $200,936
- Rent
- $32,000
- Utilities
- $8,100
- Health Care
- $15,000
- Debt Interest
- $4,500
Lender Information
- Servicing Lender
- Stearns Bank National Association
- Originating Lender
- Stearns Bank National Association
Other PPP Loans in Sauk Centre, MN
| Business | Approved | |
|---|---|---|
| Felling Trailers, Inc. | $3,398,163 |  AI Deep Dive |
| Cabinet Components & Distribution INC | $728,617 | AI Deep Dive |
| Cabinet Components & Distribution, Inc. | $728,617 | AI Deep Dive |
| John Wiese Ford INC | $581,700 | AI Deep Dive |
| Truckers Inn, Inc. | $562,800 | AI Deep Dive |
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