# PPP loan: CHIP'S, INC.
> **$198K** approved 04/11/2020 · Paid in Full · Loan `2987497106`
## Borrower
- **Name:** CHIP'S, INC.
- **Address:** 5611 SOLOMONS ISLAND RD, HUNTINGTOWN, MD, 20639-8868
- **NAICS:** 488410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 04/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $198K
- **Jobs reported:** 14
## Lender
- **Originating:** WesBanco Bank, Inc.
- **Servicing:** WesBanco Bank, Inc. (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*