Date Approved
02/04/2021
SBA Office Code
0508
Processing Method
PPS
Borrower Name
RIVER CITIES SPEEDWAY GRAND FORKS INC.
Borrower Address
216 4th St NW
Borrower City
East Grand Forks
Borrower State
MN
Borrower Zip
56721-1810
Loan Status Date
11/13/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
56163.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
81371
Servicing Lender Name
American Federal Bank
Servicing Lender Address
215 5th St N
Servicing Lender City
FARGO
Servicing Lender State
ND
Servicing Lender Zip
58102-4867
Rural Urban Indicator
R
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
POLK
Project State
Project Zip
CD
MN-07
Jobs Reported
8
NAICS Code
711212
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non Profit
Forgiveness Amount
56556.14
Forgiveness Date
10/25/2021