# PPP loan: POWERHOUSE OUTDOOR EQUIPMENT, INC.
> **$196K** approved 04/08/2020 · Paid in Full · Loan `8832167006`
## Borrower
- **Name:** POWERHOUSE OUTDOOR EQUIPMENT, INC.
- **Address:** 207 E Cedar St, SAINT JOSEPH, MN, 56374-4584
- **NAICS:** 811411
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $196K
- **Initial approval:** $196K
- **Forgiven:** $197K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $160K
- **Rent:** $30K
- **Mortgage interest:** $2K
- **Utilities:** $4K
- **Jobs reported:** 14
## Lender
- **Originating:** Magnifi Financial CU
- **Servicing:** Magnifi Financial CU (MN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*