Advance Recreation INC

$70,900 PPP Loan in La Crescent, Minnesota

Loan Details

Loan Number
5107147004
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$70,900
Current Approval
$70,900
Forgiveness Amount
$71,449
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Advance Recreation INC
Address
1570 US Hwy 14-61 East
ZIP Code
55947
Business Type
Subchapter S Corporation
Industry (NAICS)
Real Estate and Rental and Leasing (532120)
Business Age
Existing or more than 2 years old
Jobs Reported
13
Estimated Revenue
$5.9M
Rural/Urban
Rural
Congressional District
MN-01

Loan Use Breakdown

Payroll
$56,720
Rent
$12,053
Utilities
$2,127

Lender Information

Servicing Lender
Merchants Bank, National Association
Originating Lender
Merchants Bank, National Association

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