# PPP loan: MINNESOTA AG POWER INC
> **$5.00M** approved 04/11/2020 · Paid in Full · Loan `3465307103`
## Borrower
- **Name:** MINNESOTA AG POWER INC
- **Address:** 4561 HIGHWAY 212, GLENCOE, MN, 55336-5344
- **NAICS:** 423820
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.00M
- **Initial approval:** $5.00M
- **Forgiven:** $5.06M (101%)
- **Forgiveness date:** 07/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.00M
- **Jobs reported:** 365
## Lender
- **Originating:** Eagle Bank
- **Servicing:** Eagle Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*