# PPP loan: WATERFRONT POWER SPORTS INC
> **$603K** approved 04/13/2020 · Paid in Full · Loan `5507317104`
## Borrower
- **Name:** WATERFRONT POWER SPORTS INC
- **Address:** 1 Goll Avenue, Somers Point, NJ, 08234
- **NAICS:** 441222
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $603K
- **Initial approval:** $603K
- **Forgiven:** $609K (101%)
- **Forgiveness date:** 04/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $603K
- **Jobs reported:** 41
## Lender
- **Originating:** Fulton Bank National Association
- **Servicing:** Fulton Bank, National Association (PA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*