# PPP loan: RELEASE MARINE, INC.
> **$275K** approved 04/08/2020 · Paid in Full · Loan `7834227010`
## Borrower
- **Name:** RELEASE MARINE, INC.
- **Address:** 2100 ROGER LACEY DR, SAVANNAH, GA, 31404-4478
- **NAICS:** 332312
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $275K
- **Initial approval:** $275K
- **Forgiven:** $278K (101%)
- **Forgiveness date:** 05/26/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $220K
- **Rent:** $27K
- **Utilities:** $27K
- **Jobs reported:** 30
## Lender
- **Originating:** Ameris Bank
- **Servicing:** Ameris Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*