ACTION AUTO OF ALBERT LEA LLC (MN) - 2020 PPP Loan Borrower Profile (# 7051407205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION AUTO OF ALBERT LEA 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

7051407205

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$7,455

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$7,531.83

Date Loan was Forgiven

May 13, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

455

Payroll Proced

6,000

Mortgage Interest Proceed

1,000

Lender

Keen Bank National Association

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

561491

Borrower Location

ALBERT LEA, MN

Project Location

ALBERT LEA, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.