# PPP loan: MINNESOTA DAIRY HERD IMPORVEMENT ASSOCIATION
> **$300K** approved 05/16/2020 · Paid in Full · Loan `7274557408`
## Borrower
- **Name:** MINNESOTA DAIRY HERD IMPORVEMENT ASSOCIATION
- **Address:** 307 Brighton Avenue South, Buffalo, MN, 55313-0486
- **NAICS:** 115210
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $300K
- **Initial approval:** $300K
- **Forgiven:** $302K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $265K
- **Rent:** $2K
- **Utilities:** $9K
- **Health care:** $25K
- **Jobs reported:** 56
## Lender
- **Originating:** Security Bank and Trust Company
- **Servicing:** Security Bank & Trust Company (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*