# PPP loan: CHESAPEAKE CHARTER, INC.
> **$410K** approved 04/15/2020 · Paid in Full · Loan `8533257107`
## Borrower
- **Name:** CHESAPEAKE CHARTER, INC.
- **Address:** 424 Broadneck Road, Annapolis, MD, 21409
- **NAICS:** 485410
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $410K
- **Initial approval:** $410K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $396K
- **Utilities:** $4K
- **Health care:** $10K
- **Jobs reported:** 50
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*