Nerstrand Agri Center

$282,887 PPP Loan in Nerstrand, Minnesota

Loan Details

Loan Number
9381807002
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$282,887
Current Approval
$282,887
Forgiveness Amount
$284,540
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Nerstrand Agri Center
Address
Po Box 38
ZIP Code
55053-0038
Business Type
Corporation
Industry (NAICS)
Agriculture, Forestry, Fishing and Hunting (115116)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MN-02

Loan Use Breakdown

Payroll
$214,995
Utilities
$67,892

Lender Information

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

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