ACTION COLORS (MN) - 2020 PPP Loan Borrower Profile (# 1262818307)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION COLORS. 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

1262818307

SBA Office Code

0508

Processing Method

PPS

Curent Loan Amount

$6,818.52

Date Loan was Approved

Jan 16, 2021

Amount Forgiven

$6,845.98

Date Loan was Forgiven

Jun 15, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

6,818.52

Lender

First National Bank Minnesota

Business Detail

Business Type

Sole Proprietorship

NAICS

811121

Borrower Location

Cleveland, MN

Project Location

Cleveland, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.