# PPP loan: BEACON PROMOTIONS, INC.
> **$1.10M** approved 04/28/2020 · Paid in Full · Loan `6887987210`
## Borrower
- **Name:** BEACON PROMOTIONS, INC.
- **Address:** 2121 S Bridge Street, NEW ULM, MN, 56073-3959
- **NAICS:** 323113
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $877K (80%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.05M
- **Rent:** $11K
- **Utilities:** $39K
- **Jobs reported:** 13
## Lender
- **Originating:** Texas Capital Bank
- **Servicing:** Texas Capital Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*