# PPP loan: WILMINGTON TUG INC.
> **$773K** approved 01/30/2021 · Paid in Full · Loan `8990508308`
## Borrower
- **Name:** WILMINGTON TUG INC.
- **Address:** 11 GIST RD PORT OF WILMINGTON, WILMINGTON, DE, 19801
- **NAICS:** 488330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $773K
- **Initial approval:** $773K
- **Forgiven:** $783K (101%)
- **Forgiveness date:** 06/22/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $773K
- **Utilities:** $1
- **Jobs reported:** 44
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*