# PPP loan: BSP SHIPPING INC.
> **$532K** approved 03/12/2021 · Paid in Full · Loan `9962918506`
## Borrower
- **Name:** BSP SHIPPING INC.
- **Address:** 11014 19th Ave SE Ste 8, Everett, WA, 98208-5121
- **NAICS:** 492210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $532K
- **Initial approval:** $532K
- **Forgiven:** $538K (101%)
- **Forgiveness date:** 06/09/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $532K
- **Utilities:** $1
- **Jobs reported:** 33
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*