# PPP loan: SCHARP INSURANCE INC.
> **$198K** approved 04/06/2020 · Paid in Full · Loan `6049137007`
## Borrower
- **Name:** SCHARP INSURANCE INC.
- **Address:** 3925 KIRKWOOD HWY, WILMINGTON, DE, 19808-5109
- **NAICS:** 524210
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $201K (101%)
- **Forgiveness date:** 07/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $195K
- **Health care:** $4K
- **Jobs reported:** 19
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*