AG PARTNERS COOPERATIVE (MN) - 2020 PPP Loan Borrower Profile (# 2184637107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AG PARTNERS COOPERATIVE. 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

2184637107

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$5,663,100

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$5,738,450.69

Date Loan was Forgiven

Aug 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

105,000

Payroll Proced

4,966,176

Mortgage Interest Proceed

7,924

Rent Proceed

584,000

Lender

Merchants Bank, National Association

Business Detail

Business Type

Corporation

NAICS

424510

Borrower Location

CANNON FALLS, MN

Project Location

CANNON FALLS, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

384

Business Age Description

Existing or more than 2 years old

Data Source: SBA.