# PPP loan: FOERTSCH MARINE SERVICES, LLC
> **$212K** approved 04/14/2020 · Paid in Full · Loan `6578737103`
## Borrower
- **Name:** FOERTSCH MARINE SERVICES, LLC
- **Address:** 12724 N State Road 245, LAMAR, IN, 47550
- **NAICS:** 483211
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $212K
- **Initial approval:** $212K
- **Forgiven:** $214K (101%)
- **Forgiveness date:** 03/18/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $170K
- **Mortgage interest:** $15K
- **Utilities:** $12K
- **Debt interest:** $15K
- **Jobs reported:** 12
## Lender
- **Originating:** Liberty Federal Credit Union
- **Servicing:** Liberty Federal Credit Union (IN)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*