Otto Farms
$20,833 PPP Loan in Welch, Minnesota
Loan Details
- Loan Number
- 7028558507
- Date Approved
- Mar 5, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $20,833
- Current Approval
- $20,833
- Forgiveness Amount
- $20,888
- Forgiveness Date
- Jun 15, 2021
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Otto Farms
- Address
- 11965 Wild Turkey Rd
- City
- Welch
- State
- Minnesota
- ZIP Code
- 55089-4100
- Business Type
- Partnership
- Industry (NAICS)
- Agriculture, Forestry, Fishing and Hunting (111150)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 1
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $20,830
- Utilities
- $1
Lender Information
- Servicing Lender
- First Farmers & Merchants Bank
- Originating Lender
- First Farmers & Merchants Bank
Other PPP Loans in Welch, MN
| Business | Approved | |
|---|---|---|
| Minnesota Sodding Company, LLC | $296,880 |  AI Deep Dive |
| Welch Village Ski Area, Inc. | $189,000 | AI Deep Dive |
| Luhman's Construction Co. of Red Wing | $158,075 | AI Deep Dive |
| Luhman's Construction Co of Red Wing | $154,425 | AI Deep Dive |
| Prairie Island Indian Community | $145,480 | AI Deep Dive |
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