ADAM'S AUTOMOTIVE, LLC (MN) - 2020 PPP Loan Borrower Profile (# 4763097409)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM'S AUTOMOTIVE, 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

4763097409

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$17,300

Date Loan was Approved

May 11, 2020

Amount Forgiven

$17,458.31

Date Loan was Forgiven

Apr 14, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

17,300

Lender

Park State Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

441310

Borrower Location

Silver Bay, MN

Project Location

Silver Bay, 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.