# PPP loan: FIRST CLASS WATERCRAFT SALES, INC.
> **$198K** approved 04/15/2020 · Paid in Full · Loan `9609767109`
## Borrower
- **Name:** FIRST CLASS WATERCRAFT SALES, INC.
- **Address:** 1429 Broadway Avenue, Riviera Beach, FL, 33404
- **NAICS:** 441222
- **Business type:** Subchapter S Corporation
- **Business age:** New Business or 2 years or less
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $150K
- **Rent:** $32K
- **Utilities:** $3K
- **Health care:** $13K
- **Jobs reported:** 13
## 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*