ADVANCE RECREATION INC (MN) - 2020 PPP Loan Borrower Profile (# 5107147004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCE RECREATION INC. 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

5107147004

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$70,900

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$71,449.47

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,127

Payroll Proced

56,720

Rent Proceed

12,053

Lender

Merchants Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

532120

Borrower Location

LA CRESCENT, MN

Project Location

LA CRESCENT, MN

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.