PPP Loan information for Boomerang marine and powersports, incorporated

$160,600

Boomerang marine and powersports, incorporated was initially approved for PPP Loan of amount $160,600, the current approved amount is $160,600. The loan was approved on 04/06/2020 by The Freeport State Bank reported 19 jobs and $160,600 was used to fund payroll.

Boomerang marine and powersports, incorporated is Existing or more than 2 years old

PPP Loan Search / MN / MELROSE / Boomerang marine and powersports, incorporated

BOOMERANG MARINE AND POWERSPORTS, INCORPORATED

Date Approved

04/06/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

BOOMERANG MARINE AND POWERSPORTS, INCORPORATED

Borrower Address

151 Country Club Rd

Borrower City

MELROSE

Borrower State

MN

Borrower Zip

56352-8136

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

160600.00

Current Approval Amount

160600.00

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

MELROSE

Project County Name

STEARNS

Project State

MN

Project Zip

56352-8136

CD

MN-07

Jobs Reported

19

NAICS Code

441210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8000.00

Payroll Proceed

128500.00

Mortgage Interest Proceed

0.00

Rent Proceed

24100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

38095

Originating Lender

Freeport State Bank

Originating Lender City

FREEPORT

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

161559.20

Forgiveness Date

11/20/2020

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