# PPP loan: FARMERS CO-OP GIN & ELEVATOR
> **$255K** approved 01/22/2021 · Paid in Full · Loan `3724088307`
## Borrower
- **Name:** FARMERS CO-OP GIN & ELEVATOR
- **Address:** 1000 US Highway 287 E, Vernon, TX, 76384-3820
- **NAICS:** 115111
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $257K (101%)
- **Forgiveness date:** 09/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $255K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** Pilgrim Bank
- **Servicing:** Pilgrim Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*