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Norman County Implement, Inc.

$262,300 PPP Loan in Ada, Minnesota

Loan Details

Loan Number
7305817004
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$262,300
Current Approval
$262,300
Forgiveness Amount
$263,910
Forgiveness Date
Nov 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Norman County Implement, Inc.
Address
2099 State Hwy 9 N
City
Ada
State
Minnesota
ZIP Code
56510-9301
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423820)
Business Age
Existing or more than 2 years old
Jobs Reported
14
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$210,000
Rent
$17,000
Utilities
$35,300

Lender Information

Servicing Lender
American Federal Bank
Originating Lender
American Federal Bank

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