# PPP loan: BLUE WATER FIVE LLC
> **$301K** approved 04/05/2020 · Paid in Full · Loan `5218327002`
## Borrower
- **Name:** BLUE WATER FIVE LLC
- **Address:** 2000 Sailfish Drive, MANTEO, NC, 27954-9714
- **NAICS:** 722511
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $303K (101%)
- **Forgiveness date:** 01/13/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $262K
- **Rent:** $13K
- **Utilities:** $13K
- **Health care:** $13K
- **Jobs reported:** 46
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*