# PPP loan: PENINSULA MARINE, INC.
> **$409K** approved 04/05/2020 · Paid in Full · Loan `5537317007`
## Borrower
- **Name:** PENINSULA MARINE, INC.
- **Address:** 1648 Rankin, PORT BOLIVAR, TX, 77650-0501
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $398K
- **Rent:** $5K
- **Utilities:** $6K
- **Jobs reported:** 30
## Lender
- **Originating:** Texas First Bank
- **Servicing:** Texas First Bank (TX)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*