ADA FEED & SEED INC. (MN) - 2020 PPP Loan Borrower Profile (# 5499488507)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADA FEED & SEED 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

5499488507

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$22,960

Date Loan was Approved

Feb 27, 2021

Amount Forgiven

$23,238.67

Date Loan was Forgiven

May 23, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

22,957

Lender

Mid Minnesota FCU

Business Detail

Business Type

Corporation

NAICS

444220

Borrower Location

Ada, MN

Project Location

Ada, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.