# PPP loan: PRECON MARINE INCORPORATED
> **$1.15M** approved 01/31/2021 · Paid in Full · Loan `9624908304`
## Borrower
- **Name:** PRECON MARINE INCORPORATED
- **Address:** 1401 Precon Dr Ste 102, Chesapeake, VA, 23320-6314
- **NAICS:** 237990
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.15M
- **Initial approval:** $1.15M
- **Forgiven:** $1.15M (100%)
- **Forgiveness date:** 07/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $1.15M
- **Utilities:** $1
- **Jobs reported:** 49
## Lender
- **Originating:** The Old Point National Bank of Phoebus
- **Servicing:** The Old Point National Bank of Phoebus (VA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*