GRAY BOAT LLC (VI) - 2020 PPP Loan Borrower Profile (# 4909957106)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GRAY BOAT LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in US Virgin Islands.

Loan Detail

Loan Number

4909957106

SBA Office Code

0252

Processing Method

PPP

Curent Loan Amount

$38,480

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$36,519.16

Date Loan was Forgiven

Feb 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,750

Payroll Proced

18,450

Rent Proceed

4,788

Health Care Proceed

7,022

Debt Interest Proceed

6,470

Lender

Merchants Commercial Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

487210

Borrower Location

ST THOMAS, VI

Project Location

ST THOMAS, VI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.