# PPP loan: TRUE CHESAPEAKE, LLC
> **$191K** approved 04/15/2020 · Paid in Full · Loan `8675347105`
## Borrower
- **Name:** TRUE CHESAPEAKE, LLC
- **Address:** 3300 Clipper Mill Road, Baltimore, MD, 21211
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $191K
- **Initial approval:** $191K
- **Forgiven:** $195K (102%)
- **Forgiveness date:** 03/01/2022
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $30K
- **Utilities:** $11K
- **Jobs reported:** 34
## 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*