Farmers Elevator of Fergus Falls

$183,300 PPP Loan in Fergus Falls, Minnesota

Loan Details

Loan Number
8899217002
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$183,300
Current Approval
$188,300
Forgiveness Amount
$189,958
Forgiveness Date
Feb 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Farmers Elevator of Fergus Falls
Address
406 East Junius
ZIP Code
56537-2807
Business Type
Cooperative
Industry (NAICS)
Wholesale Trade (424510)
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$8.0M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$142,475
Utilities
$22,913
Mortgage Interest
$22,913

Lender Information

Servicing Lender
American Federal Bank
Originating Lender
American Federal Bank

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