CLOVERLEAF FARMS INC (SD) - 2020 PPP Loan Borrower Profile (# 5288757204)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CLOVERLEAF 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 South Dakota.

Loan Detail

Loan Number

5288757204

SBA Office Code

0876

Processing Method

PPP

Curent Loan Amount

$297,620

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$299,095.87

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

39,000

Payroll Proced

223,215

Mortgage Interest Proceed

15,405

Rent Proceed

20,000

Lender

The Security National Bank of Sioux City, Iowa

Business Detail

Business Type

Subchapter S Corporation

NAICS

111150

Borrower Location

ELK POINT, SD

Project Location

ELK POINT, SD

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.