# PPP loan: OUTERLIMITS POWERBOATS INC.
> **$323K** approved 01/23/2021 · Paid in Full · Loan `4900668309`
## Borrower
- **Name:** OUTERLIMITS POWERBOATS INC.
- **Address:** 3 Minturn Farm Rd, Bristol, RI, 02809-4072
- **NAICS:** 336612
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $323K
- **Initial approval:** $323K
- **Forgiven:** $327K (101%)
- **Forgiveness date:** 02/23/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $323K
- **Utilities:** $1
- **Jobs reported:** 28
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*