PPP Loan information for Backwater inc

$55,500

Backwater inc was initially approved for PPP Loan of amount $55,500, the current approved amount is $55,500. The loan was approved on 04/08/2020 by The Freeport State Bank reported 6 jobs and $55,500 was used to fund payroll.

Backwater inc is Existing or more than 2 years old

PPP Loan Search / MN / FREEPORT / Backwater inc

BACKWATER INC

Date Approved

04/08/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BACKWATER INC

Borrower Address

40625 County Road 11

Borrower City

FREEPORT

Borrower State

MN

Borrower Zip

56331-9600

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55500.00

Current Approval Amount

55500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

38095

Servicing Lender Name

Freeport State Bank

Servicing Lender Address

111 Main St East

Servicing Lender City

FREEPORT

Servicing Lender State

MN

Servicing Lender Zip

56331

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FREEPORT

Project County Name

STEARNS

Project State

MN

Project Zip

56331-9600

CD

MN-07

Jobs Reported

6

NAICS Code

335312

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1000.00

Payroll Proceed

53100.00

Mortgage Interest Proceed

1400.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

38095

Originating Lender

Freeport State Bank

Originating Lender City

FREEPORT

Originating Lender State

MN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

55904.47

Forgiveness Date

01/07/2021

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