# PPP loan: MARINE SPECIALTY PAINTING INC.
> **$878K** approved 04/04/2020 · Paid in Full · Loan `4990567005`
## Borrower
- **Name:** MARINE SPECIALTY PAINTING INC.
- **Address:** 3350 Elm Ave, PORTSMOUTH, VA, 23704-7108
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $878K
- **Initial approval:** $878K
- **Forgiven:** $889K (101%)
- **Forgiveness date:** 08/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $844K
- **Rent:** $34K
- **Jobs reported:** 78
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*