# PPP loan: WILMINGTON TUG, INC.
> **$773K** approved 04/07/2020 · Paid in Full · Loan `6580417002`
## Borrower
- **Name:** WILMINGTON TUG, INC.
- **Address:** 11 GIST RD, PORT OF WILMINGTON, WILMINGTON, DE, 19801-5879
- **NAICS:** 488390
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $773K
- **Initial approval:** $773K
- **Forgiven:** $783K (101%)
- **Forgiveness date:** 08/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $646K
- **Rent:** $123K
- **Utilities:** $4K
- **Jobs reported:** 47
## Lender
- **Originating:** Wilmington Savings Fund Society, FSB
- **Servicing:** Wilmington Savings Fund Society, FSB (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*