# PPP loan: MJT MARINE INC
> **$244K** approved 04/03/2020 · Paid in Full · Loan `4430797006`
## Borrower
- **Name:** MJT MARINE INC
- **Address:** 1604 South Shore Dr, CLEAR LAKE, IA, 50428-2702
- **NAICS:** 441222
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $244K
- **Initial approval:** $244K
- **Forgiven:** $246K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $214K
- **Rent:** $5K
- **Utilities:** $20K
- **Health care:** $5K
- **Jobs reported:** 26
## Lender
- **Originating:** Clear Lake Bank & Trust Company
- **Servicing:** Clear Lake Bank & Trust Company (IA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*