Formation Ag Inc.

$151,980 PPP Loan in Monte Vista, Colorado

Loan Details

Loan Number
7338857110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$151,980
Current Approval
$151,980
Forgiveness Amount
$153,167
Forgiveness Date
Jan 28, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Formation Ag Inc.
Address
1021 US Highway 285
ZIP Code
81144-9793
Business Type
Corporation
Industry (NAICS)
Manufacturing (333111)
Business Age
New Business or 2 years or less
Jobs Reported
13
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
CO-03

Loan Use Breakdown

Payroll
$136,782
Utilities
$4,559
Mortgage Interest
$10,639

Lender Information

Servicing Lender
San Luis Valley Federal Bank
Originating Lender
San Luis Valley Federal Bank

Other PPP Loans in Monte Vista, CO

BusinessApproved
The Monte Vista Cooperative$1,837,100NewBizBotResearch
Grower-Shipper Potato Company$533,000NewBizBotResearch
Worley & Mccullough, Inc.$485,779NewBizBotResearch
Worley & Mccullough INC$464,784NewBizBotResearch
Growers Sales and Marketing, LLC$442,346NewBizBotResearch

Want to research this company further?

Try NewBizBot free