# PPP loan: SOUTHSHORE MARINE DIESEL, INC.
> **$220K** approved 05/21/2020 · Charged Off · Loan `1542197810`
## Borrower
- **Name:** SOUTHSHORE MARINE DIESEL, INC.
- **Address:** PO BOX 13957, MIAMI, FL, 33101-3957
- **NAICS:** 812990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $36K (16%)
- **Forgiveness date:** 09/14/2022
- **Status:** Charged Off
- **Term:** 11 months
## Use of funds
- **Payroll:** $165K
- **Rent:** $27K
- **Utilities:** $27K
- **Jobs reported:** 5
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*