BANKS FARM LLC (DE) - 2020 PPP Loan Borrower Profile (# 8043897206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BANKS FARM LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Delaware.

Loan Detail

Loan Number

8043897206

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$16,692

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$16,800.96

Date Loan was Forgiven

Dec 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,087

Payroll Proced

12,518

Rent Proceed

2,087

Lender

The Farmers Bank of Willards

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

111998

Borrower Location

DAGSBORO, DE

Project Location

DAGSBORO, DE

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.