# PPP loan: NAPLES SAILING AND YACHT CLUB, INC
> **$403K** approved 04/16/2020 · Paid in Full · Loan `2832147210`
## Borrower
- **Name:** NAPLES SAILING AND YACHT CLUB, INC
- **Address:** 896 River Point Dr., NAPLES, FL, 34102
- **NAICS:** 713930
- **Business type:** Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $403K
- **Initial approval:** $403K
- **Forgiven:** $405K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $324K
- **Mortgage interest:** $65K
- **Utilities:** $14K
- **Jobs reported:** 48
## Lender
- **Originating:** First Foundation Bank
- **Servicing:** First Foundation Bank (CA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*