# PPP loan: MARINE INNOVATIONS, INC.
> **$227K** approved 04/06/2020 · Paid in Full · Loan `5654297002`
## Borrower
- **Name:** MARINE INNOVATIONS, INC.
- **Address:** 908 WEST MAIN AVE, FRAZEE, MN, 56544-4116
- **NAICS:** 332710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $227K
- **Initial approval:** $227K
- **Forgiven:** $229K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $227K
- **Jobs reported:** 17
## Lender
- **Originating:** Midwest Bank
- **Servicing:** Midwest Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*