# PPP loan: MEDWAY CAFE INC
> **$408K** approved 02/02/2021 · Paid in Full · Loan `1696558407`
## Borrower
- **Name:** MEDWAY CAFE INC
- **Address:** 74 Main St, Medway, MA, 02053-1824
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $408K
- **Initial approval:** $408K
- **Forgiven:** $413K (101%)
- **Forgiveness date:** 04/21/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $408K
- **Utilities:** $1
- **Jobs reported:** 65
## Lender
- **Originating:** Mechanics Cooperative Bank
- **Servicing:** Mechanics Cooperative Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*