# PPP loan: DERRECK'S PAINTING SERVICE IC
> **$155K** approved 05/20/2020 · Paid in Full · Loan `9340057409`
## Borrower
- **Name:** DERRECK'S PAINTING SERVICE IC
- **Address:** 1822 Southwest Macarthur Avenue, Port St. Lucie, FL, 34953-2460
- **NAICS:** 236115
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $155K
- **Initial approval:** $155K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 09/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $116K
- **Rent:** $19K
- **Utilities:** $19K
- **Jobs reported:** 8
## Lender
- **Originating:** Celtic Bank Corporation
- **Servicing:** Celtic Bank Corporation (UT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*