# PPP loan: PRECON MARINE, INC.
> **$1.13M** approved 04/06/2020 · Paid in Full · Loan `5643007001`
## Borrower
- **Name:** PRECON MARINE, INC.
- **Address:** 1401 PRECON DR Suite 102, CHESAPEAKE, VA, 23320-6314
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.13M
- **Initial approval:** $1.13M
- **Forgiven:** $1.14M (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.07M
- **Rent:** $53K
- **Utilities:** $4K
- **Jobs reported:** 52
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*