# PPP loan: CHESAPEAKE INN, INC.
> **$834K** approved 04/13/2020 · Paid in Full · Loan `5271987109`
## Borrower
- **Name:** CHESAPEAKE INN, INC.
- **Address:** 605 2nd St, CHESAPEAKE CITY, MD, 21915-1220
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $834K
- **Initial approval:** $834K
- **Forgiven:** $840K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $598K
- **Rent:** $69K
- **Mortgage interest:** $68K
- **Utilities:** $65K
- **Health care:** $28K
- **Debt interest:** $8K
- **Jobs reported:** 145
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*