# PPP loan: NEW HORIZON FARMS, LLP
> **$1.62M** approved 04/07/2020 · Paid in Full · Loan `7325567009`
## Borrower
- **Name:** NEW HORIZON FARMS, LLP
- **Address:** PO Box 708 319 N Hiawatha, PIPESTONE, MN, 56164-1889
- **NAICS:** 112210
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.64M (101%)
- **Forgiveness date:** 03/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.62M
- **Jobs reported:** 151
## Lender
- **Originating:** First Bank & Trust
- **Servicing:** First Bank & Trust (SD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*