PPP Loan information for Fairmont foods, inc.

$2,684,100

Fairmont foods, inc. was initially approved for PPP Loan of amount $2,684,100, the current approved amount is $2,684,100. The loan was approved on 04/06/2020 by The Deerwood Bank reported 328 jobs and $2,684,100 was used to fund payroll.

Fairmont foods, inc. is Existing or more than 2 years old

PPP Loan Search / MN / FAIRMONT / Fairmont foods, inc.

FAIRMONT FOODS, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

FAIRMONT FOODS, INC.

Borrower Address

905 E 4th St.

Borrower City

FAIRMONT

Borrower State

MN

Borrower Zip

56031-4014

Loan Status Date

11/02/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2684100.00

Current Approval Amount

2684100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36772

Servicing Lender Name

Deerwood Bank

Servicing Lender Address

131 6th Ave South, Ste 100

Servicing Lender City

WAITE PARK

Servicing Lender State

MN

Servicing Lender Zip

56387-1360

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FAIRMONT

Project County Name

MARTIN

Project State

MN

Project Zip

56031-4014

CD

MN-01

Jobs Reported

328

NAICS Code

311412

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

301355.00

Payroll Proceed

2095310.00

Mortgage Interest Proceed

33000.00

Rent Proceed

43632.00

Refinance EIDL Proceed

0.00

Health Care Proceed

146803.00

Debt Interest Proceed

64000

Business Type

Corporation

Originating Lender Location Id

36772

Originating Lender

Deerwood Bank

Originating Lender City

WAITE PARK

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2720708.14

Forgiveness Date

08/16/2021

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