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El Agave INC

$126,742 PPP Loan in Fairmont, Minnesota

Loan Details

Loan Number
9196087107
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$126,742
Current Approval
$126,742
Forgiveness Amount
$127,700
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
El Agave INC
Address
62 Downtown Plaza
City
Fairmont
State
Minnesota
ZIP Code
56031-1732
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$5.3M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$110,742
Rent
$10,000
Utilities
$6,000

Lender Information

Servicing Lender
First Farmers & Merchants National Bank
Originating Lender
First Farmers & Merchants National Bank

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