# PPP loan: SCHUMACHER FARMS OF ELGIN, INC.
> **$258K** approved 04/06/2020 · Paid in Full · Loan `6322037003`
## Borrower
- **Name:** SCHUMACHER FARMS OF ELGIN, INC.
- **Address:** 29950 Hwy 247, ELGIN, MN, 55932
- **NAICS:** 112120
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $258K
- **Jobs reported:** 30
## Lender
- **Originating:** Bremer Bank, National Association
- **Servicing:** Bremer Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*