# PPP loan: EXTREME AUTOMOTIVE GROUP LLC
> **$280K** approved 07/23/2020 · Exemption 4 · Loan `7389338103`
## Borrower
- **Name:** EXTREME AUTOMOTIVE GROUP LLC
- **Address:** 169 First St, Forest Lake, MN, 55025
- **NAICS:** 522220
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $256K (92%)
- **Forgiveness date:** 03/03/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 14
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*