# PPP loan: PIERZ COOPERATIVE ASSOCIATION
> **$260K** approved 06/09/2020 · Paid in Full · Loan `9758207806`
## Borrower
- **Name:** PIERZ COOPERATIVE ASSOCIATION
- **Address:** 315 EDWARD ST S PO Box 307, PIERZ, MN, 56364-1514
- **NAICS:** 493130
- **Business type:** Cooperative
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $260K
- **Initial approval:** $260K
- **Forgiven:** $262K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $260K
- **Jobs reported:** 15
## Lender
- **Originating:** Farmers and Merchants State Bank of Pierz
- **Servicing:** Farmers and Merchants State Bank of Pierz (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*