# PPP loan: FARMERS GRAIN & FEED CO. INC.
> **$369K** approved 04/06/2020 · Paid in Full · Loan `6414907001`
## Borrower
- **Name:** FARMERS GRAIN & FEED CO. INC.
- **Address:** 2480 S 600 E, COLUMBIA CITY, IN, 46725-0001
- **NAICS:** 424510
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $369K
- **Initial approval:** $369K
- **Forgiven:** $371K (101%)
- **Forgiveness date:** 11/19/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $191K
- **Rent:** $78K
- **Utilities:** $30K
- **Health care:** $70K
- **Jobs reported:** 39
## Lender
- **Originating:** Lake City Bank
- **Servicing:** Lake City Bank (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*