# PPP loan: CORN ISLAND SHIPYARD, INC.
> **$1.43M** approved 04/14/2020 · Paid in Full · Loan `6612367104`
## Borrower
- **Name:** CORN ISLAND SHIPYARD, INC.
- **Address:** PO Box 125, LAMAR, IN, 47550
- **NAICS:** 336611
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.43M
- **Initial approval:** $1.43M
- **Forgiven:** $1.44M (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.14M
- **Mortgage interest:** $50K
- **Utilities:** $85K
- **Debt interest:** $150K
- **Jobs reported:** 72
## 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*