# PPP loan: MERRI-MAR YACHY BASIN, INC.
> **$166K** approved 04/11/2020 · Paid in Full · Loan `2689137105`
## Borrower
- **Name:** MERRI-MAR YACHY BASIN, INC.
- **Address:** 364 MERRIMAC ST, NEWBURYPORT, MA, 01950-1930
- **NAICS:** 713930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $166K
- **Initial approval:** $166K
- **Forgiven:** $167K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $166K
- **Jobs reported:** 10
## Lender
- **Originating:** Newburyport Five Cents Savings Bank
- **Servicing:** Newburyport 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*