# PPP loan: BOOMERANG MARINE AND POWERSPORTS, INCORPORATED
> **$161K** approved 04/06/2020 · Paid in Full · Loan `5990267003`
## Borrower
- **Name:** BOOMERANG MARINE AND POWERSPORTS, INCORPORATED
- **Address:** 151 Country Club Rd, MELROSE, MN, 56352-8136
- **NAICS:** 441210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $161K
- **Initial approval:** $161K
- **Forgiven:** $162K (101%)
- **Forgiveness date:** 11/20/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Rent:** $24K
- **Utilities:** $8K
- **Jobs reported:** 19
## Lender
- **Originating:** Freeport State Bank
- **Servicing:** Freeport State Bank (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*