PPP Loan information for Action sports, inc

$278,709

Action sports, inc was initially approved for PPP Loan of amount $278,709, the current approved amount is $278,709. The loan was approved on 04/07/2020 by The First Independent Bank reported 25 jobs and $278,709 was used to fund payroll.

Action sports, inc is Existing or more than 2 years old

ACTION SPORTS, INC

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

278709.00

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

MN

Servicing Lender Zip

56169

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MARSHALL

Project County Name

LYON

Project State

MN

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

0.00

Rent Proceed

36000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5222.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38814

Originating Lender

First Independent Bank

Originating Lender City

RUSSELL

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

280946.41

Forgiveness Date

01/28/2021

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