1885 FARMS, INC (MN) - 2020 PPP Loan Borrower Profile (# 3475927301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1885 FARMS, INC. 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 Minnesota.

Loan Detail

Loan Number

3475927301

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$14,380

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$14,497.8

Date Loan was Forgiven

Mar 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

14,380

Lender

SouthPoint Financial CU

Business Detail

Business Type

Corporation

NAICS

111150

Borrower Location

LAMBERTON, MN

Project Location

LAMBERTON, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.