# PPP loan: FREMAR FARMERS COOPERATIVE INC
> **$2.07M** approved 04/06/2020 · Paid in Full · Loan `5708437003`
## Borrower
- **Name:** FREMAR FARMERS COOPERATIVE INC
- **Address:** 44608 273rd St PO Box 357, MARION, SD, 57043-5465
- **NAICS:** 493130
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.07M
- **Initial approval:** $2.07M
- **Forgiven:** $491K (24%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.55M
- **Rent:** $259K
- **Mortgage interest:** $259K
- **Jobs reported:** 138
## Lender
- **Originating:** First Dakota National Bank
- **Servicing:** First Dakota National Bank (SD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*