# PPP loan: ACTION SPORTS, INC
> **$279K** approved 04/07/2020 · Paid in Full · Loan `7393797010`
## Borrower
- **Name:** ACTION SPORTS, INC
- **Address:** 301 S Hwy 23, MARSHALL, MN, 56258
- **NAICS:** 441210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $279K
- **Initial approval:** $279K
- **Forgiven:** $281K (101%)
- **Forgiveness date:** 01/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $235K
- **Rent:** $36K
- **Utilities:** $2K
- **Health care:** $5K
- **Jobs reported:** 25
## Lender
- **Originating:** First Independent Bank
- **Servicing:** First Independent Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*