# PPP loan: AMERICAN SHIPPING CO INC
> **$1.03M** approved 04/15/2020 · Paid in Full · Loan `9388947110`
## Borrower
- **Name:** AMERICAN SHIPPING CO INC
- **Address:** 250 Moonachie Rd, Moonachie, NJ, 07074-1378
- **NAICS:** 488510
- **Business type:** Sole Proprietorship
- **Business age:** Unanswered
## Loan
- **Approval amount:** $1.03M
- **Initial approval:** $1.03M
- **Forgiven:** $1.04M (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.03M
- **Jobs reported:** 45
## Lender
- **Originating:** PNC Bank, National Association
- **Servicing:** PNC Bank, National Association (DE)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*