Farm-Tech INC
$43,000 PPP Loan in Adams, Minnesota
Loan Details
- Loan Number
- 8041787008
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $43,000
- Current Approval
- $43,000
- Forgiveness Amount
- $43,220
- Forgiveness Date
- Oct 20, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Farm-Tech INC
- Address
- 14846 State Highway 56
- City
- Adams
- State
- Minnesota
- ZIP Code
- 55909-8692
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Agriculture, Forestry, Fishing and Hunting (115116)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 12
- Estimated Revenue
- <$5M
- Rural/Urban
- Rural
- Congressional District
- MN-01
Loan Use Breakdown
- Payroll
- $34,000
- Rent
- $4,950
- Utilities
- $1,365
- Debt Interest
- $2,685
Lender Information
- Servicing Lender
- United Farmers State Bank
- Originating Lender
- United Farmers State Bank
Other PPP Loans in Adams, MN
| Business | Approved | |
|---|---|---|
| Adams Senior Living Solutions INC | $376,877 |  Research |
| Jax Dairy Farms INC | $221,400 | Research |
| Schmitz Electric Co. | $110,300 | Research |
| The Church of Sacred Heart of Adams, Minnesota | $109,900 | Research |
| Sacred Heart Church and School | $109,900 | Research |
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