A & C FARM SERVICE, INC (MN) - 2020 PPP Loan Borrower Profile (# 7646927000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A & C FARM SERVICE, 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

7646927000

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$300,700

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$304,448.45

Date Loan was Forgiven

Jul 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

276,400

Mortgage Interest Proceed

21,300

Lender

Magnifi Financial CU

Business Detail

Business Type

Corporation

NAICS

423820

Borrower Location

PAYNESVILLE, MN

Project Location

PAYNESVILLE, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.