# PPP loan: DOWNEAST SHIPPING LLC
> **$199K** approved 04/30/2020 · Paid in Full · Loan `5962337308`
## Borrower
- **Name:** DOWNEAST SHIPPING LLC
- **Address:** 4688 MOUNTAIN CREEK AVE, DENVER, NC, 28037-6803
- **NAICS:** 484122
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $199K
- **Initial approval:** $199K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 02/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $149K
- **Rent:** $50K
- **Jobs reported:** 10
## Lender
- **Originating:** iTHINK Financial CU
- **Servicing:** iTHINK Financial CU (FL)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*