AG-GRO, INC. (MN) - 2020 PPP Loan Borrower Profile (# 7584517206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AG-GRO, 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

7584517206

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$55,200

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$55,513.05

Date Loan was Forgiven

Nov 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,300

Payroll Proced

44,100

Mortgage Interest Proceed

8,800

Lender

Freeport State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

112210

Borrower Location

GREENWALD, MN

Project Location

GREENWALD, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.