AGRALITE ELECTRIC COOPERATIVE (MN) - 2020 PPP Loan Borrower Profile (# 6313987200)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AGRALITE ELECTRIC 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

6313987200

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$714,660

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$721,649.96

Date Loan was Forgiven

Apr 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

714,660

Lender

Co-op CU of Montevideo

Business Detail

Business Type

Cooperative

NAICS

221122

Borrower Location

BENSON, MN

Project Location

BENSON, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.