PPP Loan information for River valley power and sport, inc.

$704,200

River valley power and sport, inc. was initially approved for PPP Loan of amount $704,200, the current approved amount is $704,200. The loan was approved on 04/04/2020 by The Merchants Bank, National Association reported 45 jobs and $704,200 was used to fund payroll.

River valley power and sport, inc. is Existing or more than 2 years old

PPP Loan Search / MN / RED WING / River valley power and sport, inc.

RIVER VALLEY POWER AND SPORT, INC.

Date Approved

04/04/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

RIVER VALLEY POWER AND SPORT, INC.

Borrower Address

3399 SOUTH SERVICE DRIVE

Borrower City

RED WING

Borrower State

MN

Borrower Zip

55066-1833

Loan Status Date

07/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

704200.00

Current Approval Amount

704200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39052

Servicing Lender Name

Merchants Bank, National Association

Servicing Lender Address

102 E Third St

Servicing Lender City

WINONA

Servicing Lender State

MN

Servicing Lender Zip

55987-3416

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RED WING

Project County Name

GOODHUE

Project State

MN

Project Zip

55066-1833

CD

MN-01

Jobs Reported

45

NAICS Code

441222

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

17933.00

Payroll Proceed

624267.00

Mortgage Interest Proceed

0.00

Rent Proceed

62000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39052

Originating Lender

Merchants Bank, National Association

Originating Lender City

WINONA

Originating Lender State

MN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

699059.40

Forgiveness Date

12/23/2020

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