# PPP loan: MCMICHAEL YACHT YARD 1 INC
> **$288K** approved 05/01/2020 · Paid in Full · Loan `3011457707`
## Borrower
- **Name:** MCMICHAEL YACHT YARD 1 INC
- **Address:** 447 E BOSTON POST RD, MAMARONECK, NY, 10543
- **NAICS:** 713930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $288K
- **Initial approval:** $288K
- **Forgiven:** $291K (101%)
- **Forgiveness date:** 05/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Rent:** $34K
- **Utilities:** $3K
- **Health care:** $21K
- **Jobs reported:** 19
## Lender
- **Originating:** JPMorgan Chase Bank, National Association
- **Servicing:** JPMorgan Chase Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*