# PPP loan: FARMERS ELEVATOR OF FERGUS FALLS
> **$188K** approved 04/09/2020 · Paid in Full · Loan `8899217002`
## Borrower
- **Name:** FARMERS ELEVATOR OF FERGUS FALLS
- **Address:** 406 East Junius, FERGUS FALLS, MN, 56537-2807
- **NAICS:** 424510
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $188K
- **Initial approval:** $183K
- **Forgiven:** $190K (101%)
- **Forgiveness date:** 02/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Mortgage interest:** $23K
- **Utilities:** $23K
- **Jobs reported:** 31
## Lender
- **Originating:** American Federal Bank
- **Servicing:** American Federal Bank (ND)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*