# PPP loan: MARINE CHEMIST SERVICE INC.
> **$400K** approved 02/02/2021 · Paid in Full · Loan `1717558407`
## Borrower
- **Name:** MARINE CHEMIST SERVICE INC.
- **Address:** 11850 Tug Boat Ln, Newport News, VA, 23606-2527
- **NAICS:** 541380
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $400K
- **Initial approval:** $400K
- **Forgiven:** $402K (101%)
- **Forgiveness date:** 08/24/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $400K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** TowneBank
- **Servicing:** TowneBank (VA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*