# PPP loan: RIVER VALLEY POWER AND SPORT, INC.
> **$704K** approved 04/04/2020 · Paid in Full · Loan `4605967001`
## Borrower
- **Name:** RIVER VALLEY POWER AND SPORT, INC.
- **Address:** 3399 SOUTH SERVICE DRIVE, RED WING, MN, 55066-1833
- **NAICS:** 441222
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $704K
- **Initial approval:** $704K
- **Forgiven:** $709K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $624K
- **Rent:** $62K
- **Utilities:** $18K
- **Jobs reported:** 45
## Lender
- **Originating:** Merchants Bank, National Association
- **Servicing:** Merchants Bank, National Association (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*