# PPP loan: BOAT LIFTS UNLIMITED INC.
> **$313K** approved 04/15/2020 · Paid in Full · Loan `9524427102`
## Borrower
- **Name:** BOAT LIFTS UNLIMITED INC.
- **Address:** 1901 Betson Court, Odenton, MD, 21113
- **NAICS:** 333999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $313K
- **Initial approval:** $313K
- **Forgiven:** $315K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $230K
- **Rent:** $26K
- **Utilities:** $12K
- **Health care:** $45K
- **Jobs reported:** 26
## 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*