# PPP loan: THE WELLWOOD YACHT CLUB
> **$459K** approved 04/05/2020 · Paid in Full · Loan `5236627002`
## Borrower
- **Name:** THE WELLWOOD YACHT CLUB
- **Address:** 523 Water Street, CHARLESTOWN, MD, 21914-1176
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $459K
- **Initial approval:** $459K
- **Forgiven:** $463K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $367K
- **Utilities:** $92K
- **Jobs reported:** 85
## Lender
- **Originating:** Harford Bank
- **Servicing:** Harford Bank (MD)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*