Escalade Inc., a maker of a wide range of sporting goods, announced that it repaid its outstanding loan of $5,627,500 received from the Paycheck Protection Program.
Scott Sincerbeaux, Escalade’s new CEO and president: “Our focus is to protect the health and livelihood of our employees while serving our customers and the communities in which we operate. We applied for a PPP loan at a time of great uncertainty for our business – and, at the time, our application fulfilled all the requirements of the program. Although Covid-19 continues to create substantial uncertainty and hardship throughout the world, we repaid our loan as a result of new guidelines from the Small Business Administration (SBA). We appreciate the opportunity provided by the SBA and look forward to the future success of our country and our company.”
Headquartered in Evansville, IN, Escalade Sports’ brands include Bear Archery, Bear X, Trophy Ridge, Rocket, SIK, and Cajun Bowfishing archery equipment; STIGA and Ping-Pong table tennis; Accudart and Unicorn darting; Atomic, Victory Tailgate, Triumph Sports, Viva Sol, Zume recreational games; Onix pickleball equipment; Goalrilla, Goalsetter residential in-ground basketball systems, Goaliath and Silverback residential in-ground and portable basketball goals; Lifeline and the STEP fitness products; Woodplay premium playsets; Vuly trampolines; and Cue&Case billiard accessories.
Photo courtesy Goalrilla
