# PPP loan: CHESAPEAKE SHIPBUILDING CORP
> **$1.66M** approved 04/11/2020 · Paid in Full · Loan `3131577103`
## Borrower
- **Name:** CHESAPEAKE SHIPBUILDING CORP
- **Address:** 710 Fitzwater Street, SALISBURY, MD, 21801-4812
- **NAICS:** 336611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.66M
- **Initial approval:** $1.66M
- **Forgiven:** $1.68M (101%)
- **Forgiveness date:** 07/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.26M
- **Rent:** $216K
- **Utilities:** $99K
- **Health care:** $90K
- **Jobs reported:** 143
## 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*