5L FARMS (MN) - 2020 PPP Loan Borrower Profile (# 5012077102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5L FARMS. 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

5012077102

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$53,208.06

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$53,593.82

Date Loan was Forgiven

Jan 8, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

53,208.06

Lender

American Federal Bank

Business Detail

Business Type

Partnership

NAICS

111199

Borrower Location

GULLY, MN

Project Location

GULLY, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.