# PPP loan: FARMERS UNION OIL COMPANY OF KENMARE
> **$1.03M** approved 04/13/2020 · Paid in Full · Loan `5626257102`
## Borrower
- **Name:** FARMERS UNION OIL COMPANY OF KENMARE
- **Address:** PO BOX 0726, KENMARE, ND, 58746-0726
- **NAICS:** 423820
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $700K (68%)
- **Forgiveness date:** 12/09/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $861K
- **Mortgage interest:** $24K
- **Utilities:** $6K
- **Health care:** $135K
- **Jobs reported:** 48
## Lender
- **Originating:** Dacotah Bank
- **Servicing:** Dacotah Bank (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*