# PPP loan: MARTELL'S TIKI BAR INC.
> **$985K** approved 02/01/2021 · Paid in Full · Loan `1157018410`
## Borrower
- **Name:** MARTELL'S TIKI BAR INC.
- **Address:** 308 Boardwalk, Point Pleasant Beach, NJ, 08742-3283
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $985K
- **Initial approval:** $985K
- **Forgiven:** $993K (101%)
- **Forgiveness date:** 12/23/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $985K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*