# PPP loan: FRED J DION YACHT YARD INC
> **$170K** approved 02/18/2021 · Paid in Full · Loan `1141688505`
## Borrower
- **Name:** FRED J DION YACHT YARD INC
- **Address:** 23 Glendale St, Salem, MA, 01970-5491
- **NAICS:** 713930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $170K
- **Initial approval:** $170K
- **Forgiven:** $171K (101%)
- **Forgiveness date:** 08/31/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $170K
- **Jobs reported:** 16
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*