# PPP loan: MALGARBEACH INC.
> **$342K** approved 02/18/2021 · Paid in Full · Loan `1451058510`
## Borrower
- **Name:** MALGARBEACH INC.
- **Address:** 704 Princeton Ave, Brick, NJ, 08724-4832
- **NAICS:** 713930
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $342K
- **Forgiven:** $346K (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 24
## 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*