# PPP loan: NORTH POINT MARINE & INDUSTRIAL INC.
> **$518K** approved 04/27/2020 · Paid in Full · Loan `4187277209`
## Borrower
- **Name:** NORTH POINT MARINE & INDUSTRIAL INC.
- **Address:** 145 Heritage Ave #2, Portsmouth, NH, 03802
- **NAICS:** 336611
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $518K
- **Initial approval:** $518K
- **Forgiven:** $522K (101%)
- **Forgiveness date:** 02/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Rent:** $36K
- **Utilities:** $3K
- **Jobs reported:** 23
## Lender
- **Originating:** Eastern Bank
- **Servicing:** Eastern Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*