# PPP loan: AG PARTNERS COOPERATIVE
> **$5.66M** approved 04/10/2020 · Paid in Full · Loan `2184637107`
## Borrower
- **Name:** AG PARTNERS COOPERATIVE
- **Address:** 721 SAINT CLAIR ST W, CANNON FALLS, MN, 55009-1255
- **NAICS:** 424510
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.66M
- **Initial approval:** $5.66M
- **Forgiven:** $5.74M (101%)
- **Forgiveness date:** 08/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $4.97M
- **Rent:** $584K
- **Mortgage interest:** $8K
- **Utilities:** $105K
- **Jobs reported:** 384
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*