# PPP loan: SHIP ARCHITECTS, INC.
> **$172K** approved 04/11/2020 · Paid in Full · Loan `3532597110`
## Borrower
- **Name:** SHIP ARCHITECTS, INC.
- **Address:** 9877 Pleasant Rd, DAPHNE, AL, 36526-8523
- **NAICS:** 541330
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $172K
- **Initial approval:** $172K
- **Forgiven:** $175K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $129K
- **Mortgage interest:** $22K
- **Utilities:** $22K
- **Jobs reported:** 8
## Lender
- **Originating:** First Source Federal Credit Union
- **Servicing:** PNC Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*