# PPP loan: BAERT MARINE, INC.
> **$187K** approved 04/09/2020 · Paid in Full · Loan `9349837000`
## Borrower
- **Name:** BAERT MARINE, INC.
- **Address:** 7 RIVER ST, MIDDLETON, MA, 01949-2421
- **NAICS:** 441222
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $187K
- **Initial approval:** $237K
- **Forgiven:** $189K (101%)
- **Forgiveness date:** 01/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $187K
- **Jobs reported:** 13
## Lender
- **Originating:** Salem Five Cents Savings Bank
- **Servicing:** Salem Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*