# PPP loan: CHELSUN INC.
> **$240K** approved 01/27/2021 · Paid in Full · Loan `6911288307`
## Borrower
- **Name:** CHELSUN INC.
- **Address:** 1601 Concord Pike Ste 43-47, Wilmington, DE, 19803-3612
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Forgiven:** $242K (101%)
- **Forgiveness date:** 03/14/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $240K
- **Utilities:** $1
- **Jobs reported:** 43
## Lender
- **Originating:** First Bank of the Lake
- **Servicing:** First Bank of the Lake (MO)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*