# PPP loan: OYSTER BAR 02557 INC
> **$363K** approved 01/20/2021 · Exemption 4 · Loan `1865728303`
## Borrower
- **Name:** OYSTER BAR 02557 INC
- **Address:** 6 CIRCUIT AVE, OAK BLUFFS, MA, 02557
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $363K
- **Initial approval:** $363K
- **Forgiven:** $256K (71%)
- **Forgiveness date:** 03/16/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $363K
- **Utilities:** $1
- **Jobs reported:** 56
## Lender
- **Originating:** Martha's Vineyard Bank
- **Servicing:** Martha's Vineyard Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*