ADVANCED AG SYSTEMS LLC (MN) - 2020 PPP Loan Borrower Profile (# 2291748401)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED AG SYSTEMS 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 Minnesota.

Loan Detail

Loan Number

2291748401

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$31,770

Date Loan was Approved

Feb 3, 2021

Amount Forgiven

$31,924.44

Date Loan was Forgiven

Aug 3, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

31,767

Lender

Merchants Bank, National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

811310

Borrower Location

Hampton, MN

Project Location

Hampton, MN

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.