# PPP loan: FARMERS CO-OPERATIVE OIL COMPANY OF ECHO
> **$681K** approved 04/06/2020 · Paid in Full · Loan `5956137006`
## Borrower
- **Name:** FARMERS CO-OPERATIVE OIL COMPANY OF ECHO
- **Address:** 461 2ND AVE, ECHO, MN, 56237-1617
- **NAICS:** 452319
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $681K
- **Initial approval:** $681K
- **Forgiven:** $685K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $681K
- **Jobs reported:** 81
## Lender
- **Originating:** Citizens Alliance Bank
- **Servicing:** Citizens Alliance Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*