# PPP loan: CHESAPEAKE STRUCTURES, INC.
> **$162K** approved 05/15/2020 · Paid in Full · Loan `6801347402`
## Borrower
- **Name:** CHESAPEAKE STRUCTURES, INC.
- **Address:** 419 Chester Avenue, Annapolis, MD, 21403
- **NAICS:** 237310
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $162K
- **Initial approval:** $162K
- **Forgiven:** $164K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $154K
- **Rent:** $6K
- **Utilities:** $400
- **Health care:** $2K
- **Jobs reported:** 13
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*