# PPP loan: ZIMMERMAN MARINE INC
> **$702K** approved 04/10/2020 · Paid in Full · Loan `1330747110`
## Borrower
- **Name:** ZIMMERMAN MARINE INC
- **Address:** 59 HERON POINT RD, CARDINAL, VA, 23025-2022
- **NAICS:** 336612
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $702K
- **Initial approval:** $702K
- **Forgiven:** $707K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $554K
- **Rent:** $82K
- **Mortgage interest:** $11K
- **Utilities:** $11K
- **Debt interest:** $44K
- **Jobs reported:** 66
## Lender
- **Originating:** Chesapeake Bank
- **Servicing:** Chesapeake Bank (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*