# PPP loan: FARMERS ELEVATOR OF KENSINGTON, MN
> **$323K** approved 04/04/2020 · Paid in Full · Loan `4846827006`
## Borrower
- **Name:** FARMERS ELEVATOR OF KENSINGTON, MN
- **Address:** 22 Railway St West, KENSINGTON, MN, 56343-8126
- **NAICS:** 484121
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $326K (101%)
- **Forgiveness date:** 03/23/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $323K
- **Jobs reported:** 18
## Lender
- **Originating:** Kensington Bank
- **Servicing:** Kensington Bank (MN)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*