Southern Minnesota Beet Sugar Cooperative
$10,000,000 PPP Loan in Renville, Minnesota
Loan Details
- Loan Number
- 9353577008
- Date Approved
- Apr 9, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $10,000,000
- Current Approval
- $10,000,000
- Forgiveness Amount
- $10,113,973
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Southern Minnesota Beet Sugar Cooperative
- Address
- 83550 County Road 21
- City
- Renville
- State
- Minnesota
- ZIP Code
- 56284
- Business Type
- Cooperative
- Industry (NAICS)
- Manufacturing (311313)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $176.5M
- Rural/Urban
- Rural
- Congressional District
- MN-07
Loan Use Breakdown
- Payroll
- $10,000,000
Lender Information
- Servicing Lender
- Bmo Bank National Association
- Originating Lender
- Bmo Bank National Association
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