# PPP loan: HAMMERHEADS INC.
> **$233K** approved 04/15/2020 · Paid in Full · Loan `8820107100`
## Borrower
- **Name:** HAMMERHEADS INC.
- **Address:** 1818 Coastal Highway, Rehoboth Beach, DE, 19971
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $233K
- **Initial approval:** $233K
- **Forgiven:** $235K (101%)
- **Forgiveness date:** 01/14/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $175K
- **Rent:** $40K
- **Utilities:** $16K
- **Debt interest:** $3K
- **Jobs reported:** 21
## 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*