# PPP loan: AMERICAN CHESS INSTITUTE INC.
> **$725K** approved 02/12/2021 · Paid in Full · Loan `7462208401`
## Borrower
- **Name:** AMERICAN CHESS INSTITUTE INC.
- **Address:** 13415 SE Silver Cir, Vancouver, WA, 98683-5407
- **NAICS:** 611699
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $725K
- **Initial approval:** $725K
- **Forgiven:** $413K (57%)
- **Forgiveness date:** 03/17/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $725K
- **Utilities:** $1
- **Jobs reported:** 148
## Lender
- **Originating:** Coastal Community Bank
- **Servicing:** Coastal Community Bank (WA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*