# PPP loan: AQUA POWER INC.
> **$420K** approved 03/08/2021 · Paid in Full · Loan `8088458508`
## Borrower
- **Name:** AQUA POWER INC.
- **Address:** 800 Park Ave, Eveleth, MN, 55734-8633
- **NAICS:** 238990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $420K
- **Initial approval:** $420K
- **Forgiven:** $421K (100%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $420K
- **Jobs reported:** 35
## Lender
- **Originating:** Security State Bank of Hibbing
- **Servicing:** Security State Bank of Hibbing (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*