PPP Loan information for Minnesota inboard water sports, inc.

$633,700

Minnesota inboard water sports, inc. was initially approved for PPP Loan of amount $633,700, the current approved amount is $633,700. The loan was approved on 04/06/2020 by The Alerus Financial, National Association reported 43 jobs and $633,700 was used to fund payroll.

Minnesota inboard water sports, inc. is Existing or more than 2 years old

PPP Loan Search / MN / EXCELSIOR / Minnesota inboard water sports, inc.

MINNESOTA INBOARD WATER SPORTS, INC.

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

MINNESOTA INBOARD WATER SPORTS, INC.

Borrower Address

720 Glapin Lake Road

Borrower City

EXCELSIOR

Borrower State

MN

Borrower Zip

55331

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

633700.00

Current Approval Amount

633700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52795

Servicing Lender Name

Alerus Financial, National Association

Servicing Lender Address

401 DeMers Ave

Servicing Lender City

GRAND FORKS

Servicing Lender State

ND

Servicing Lender Zip

58201-4574

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EXCELSIOR

Project County Name

HENNEPIN

Project State

MN

Project Zip

55331-0001

CD

MN-03

Jobs Reported

43

NAICS Code

441222

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

158400.00

Payroll Proceed

475300.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

52795

Originating Lender

Alerus Financial, National Association

Originating Lender City

GRAND FORKS

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

638646.38

Forgiveness Date

01/20/2021

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