ADVANCED RENTAL & SALES LLC (MN) - 2020 PPP Loan Borrower Profile (# 1018187201)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADVANCED RENTAL & SALES 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

1018187201

SBA Office Code

0508

Processing Method

PPP

Curent Loan Amount

$17,112

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$17,240.34

Date Loan was Forgiven

Jan 20, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,422

Payroll Proced

13,690

Lender

The First National Bank of Osakis

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

561491

Borrower Location

Litchfield, MN

Project Location

Litchfield, 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.