Date Approved
04/07/2020
SBA Office Code
0508
Processing Method
PPP
Borrower Name
ACTION SPORTS, INC
Borrower Address
301 S Hwy 23
Borrower City
MARSHALL
Borrower State
MN
Borrower Zip
56258
Loan Status Date
02/02/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
278709.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Polaris - Dealer Agreement
Servicing Lender Location Id
38814
Servicing Lender Name
First Independent Bank
Servicing Lender Address
300 Front St
Servicing Lender City
RUSSELL
Servicing Lender State
Servicing Lender Zip
56169
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
LYON
Project State
Project Zip
56258-0001
CD
MN-07
Jobs Reported
25
NAICS Code
441210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
2064.00
Payroll Proceed
235423.00
Mortgage Interest Proceed
Rent Proceed
36000.00
Refinance EIDL Proceed
Health Care Proceed
5222.00
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
280946.41
Forgiveness Date
01/28/2021