# PPP loan: BEAVER ISLAND BOAT COMPANY
> **$225K** approved 04/07/2020 · Paid in Full · Loan `7537747006`
## Borrower
- **Name:** BEAVER ISLAND BOAT COMPANY
- **Address:** 103 BRIDGE PARK DR, CHARLEVOIX, MI, 49720-1397
- **NAICS:** 483114
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $227K (101%)
- **Forgiveness date:** 04/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $193K
- **Rent:** $5K
- **Utilities:** $10K
- **Health care:** $17K
- **Jobs reported:** 20
## Lender
- **Originating:** Charlevoix State Bank
- **Servicing:** Charlevoix State Bank (MI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*