5M FARMS INC. (NC) - 2020 PPP Loan Borrower Profile (# 7053078409)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5M FARMS 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 North Carolina.

Loan Detail

Loan Number

7053078409

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$20,833

Date Loan was Approved

Feb 11, 2021

Amount Forgiven

$20,938.59

Date Loan was Forgiven

Aug 24, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

20,827

Lender

Cape Fear Farm Credit, ACA

Business Detail

Business Type

Corporation

NAICS

112210

Borrower Location

Roseboro, NC

Project Location

Roseboro, NC

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.