AGRO ECONOMICS, INC. (MN) - 2020 PPP Loan Borrower Profile (# 7258017007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AGRO ECONOMICS, 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

7258017007

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$15,736

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$15,893.36

Date Loan was Forgiven

Apr 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

15,736

Lender

State Bank of New Richland

Business Detail

Business Type

Corporation

NAICS

115116

Borrower Location

NEW RICHLAND, MN

Project Location

NEW RICHLAND, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.