# PPP loan: MINNESOTA AG GROUP, INC. EMPLOYEE STOCK ONWERSHIP LAN TRUST
> **$1.16M** approved 04/03/2020 · Paid in Full · Loan `4409427006`
## Borrower
- **Name:** MINNESOTA AG GROUP, INC. EMPLOYEE STOCK ONWERSHIP LAN TRUST
- **Address:** 32907 Northfield Boulevard, NORTHFIELD, MN, 55057-1492
- **NAICS:** 423820
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.16M
- **Initial approval:** $1.16M
- **Forgiven:** $1.17M (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.10M
- **Health care:** $62K
- **Jobs reported:** 91
## Lender
- **Originating:** Peoples State Bank of Plainview
- **Servicing:** Peoples State Bank of Plainview (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*