# PPP loan: ASSOCIATED MILK PRODUCERS INC
> **$10.00M** approved 04/10/2020 · Paid in Full · Loan `1956657109`
## Borrower
- **Name:** ASSOCIATED MILK PRODUCERS INC
- **Address:** 315 North Broadway 0.0, New Ulm, MN, 56073-1719
- **NAICS:** 311513
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $10.00M
- **Initial approval:** $10.00M
- **Forgiven:** $10.12M (101%)
- **Forgiveness date:** 07/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $10.00M
- **Jobs reported:** 500
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*