7240 POLARIS LLC (MN) - 2020 PPP Loan Borrower Profile (# 2072759008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 7240 POLARIS LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Minnesota.

Loan Detail

Loan Number

2072759008

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$20,832

Date Loan was Approved

May 14, 2021

Amount Forgiven

$20,925.74

Date Loan was Forgiven

Nov 2, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

20,832

Lender

Prestamos CDFI, LLC

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

523999

Borrower Location

Duluth, MN

Project Location

Duluth, MN

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.