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Backwater INC

$55,500 PPP Loan in Freeport, Minnesota

Loan Details

Loan Number
8098177003
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$55,500
Current Approval
$55,500
Forgiveness Amount
$55,904
Forgiveness Date
Jan 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Backwater INC
Address
40625 County Road 11
City
Freeport
State
Minnesota
ZIP Code
56331-9600
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335312)
Business Age
Existing or more than 2 years old
Jobs Reported
6
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MN-07

Loan Use Breakdown

Payroll
$53,100
Utilities
$1,000
Mortgage Interest
$1,400

Lender Information

Servicing Lender
Freeport State Bank
Originating Lender
Freeport State Bank

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