AG TECH DRAINAGE, LLC (MN) - 2020 PPP Loan Borrower Profile (# 5563387010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AG TECH DRAINAGE, 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

5563387010

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$200,500

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$201,653.56

Date Loan was Forgiven

Nov 5, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

10,000

Payroll Proced

170,500

Rent Proceed

20,000

Lender

Magnifi Financial CU

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238910

Borrower Location

SAUK CENTRE, MN

Project Location

SAUK CENTRE, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.