# PPP loan: CONTEMPORARY WATERCRAFTERS
> **$366K** approved 04/16/2020 · Paid in Full · Loan `2310647210`
## Borrower
- **Name:** CONTEMPORARY WATERCRAFTERS
- **Address:** 7914 Cessna Avenue, GAITHERSBURG, MD, 20879
- **NAICS:** 453998
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $366K
- **Initial approval:** $366K
- **Forgiven:** $370K (101%)
- **Forgiveness date:** 05/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $275K
- **Utilities:** $92K
- **Jobs reported:** 31
## Lender
- **Originating:** Sandy Spring Bank
- **Servicing:** Sandy Spring Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*