# PPP loan: SHIPWRECK INC
> **$362K** approved 01/28/2021 · Paid in Full · Loan `7910798310`
## Borrower
- **Name:** SHIPWRECK INC
- **Address:** 3014 S Virginia Dare Trl, Nags Head, NC, 27959-9258
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $362K
- **Initial approval:** $362K
- **Forgiven:** $366K (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $362K
- **Utilities:** $1
- **Jobs reported:** 38
## Lender
- **Originating:** Southern Bank and Trust Company
- **Servicing:** Southern Bank and Trust Company (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*