# PPP loan: JAX DAIRY FARMS INC
> **$221K** approved 04/06/2020 · Paid in Full · Loan `5922187001`
## Borrower
- **Name:** JAX DAIRY FARMS INC
- **Address:** 11331 620th Avenue, ADAMS, MN, 55909-8524
- **NAICS:** 112120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $221K
- **Initial approval:** $221K
- **Forgiven:** $223K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $191K
- **Mortgage interest:** $15K
- **Utilities:** $15K
- **Jobs reported:** 29
## Lender
- **Originating:** United Farmers State Bank
- **Servicing:** United Farmers State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*