# PPP loan: PRESTON DAIRY AND FARM, ASSN
> **$201K** approved 04/14/2020 · Paid in Full · Loan `6257587105`
## Borrower
- **Name:** PRESTON DAIRY AND FARM, ASSN
- **Address:** 27743 STATE HWY 16, PRESTON, MN, 55965-1664
- **NAICS:** 115112
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $201K
- **Initial approval:** $201K
- **Forgiven:** $203K (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $31K
- **Utilities:** $5K
- **Jobs reported:** 22
## Lender
- **Originating:** F & M Community Bank, National Association
- **Servicing:** F & M Community Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*