# PPP loan: LAKE POINTE YACHT CLUB INC.
> **$342K** approved 02/06/2021 · Paid in Full · Loan `4320008401`
## Borrower
- **Name:** LAKE POINTE YACHT CLUB INC.
- **Address:** 37604 Ann Arbor Rd, Livonia, MI, 48150-4508
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $344K (100%)
- **Forgiveness date:** 07/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** The Huntington National Bank
- **Servicing:** The Huntington National Bank (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*