# PPP loan: MCLANE RESEARCH LABORATORIES INC.
> **$405K** approved 02/19/2021 · Paid in Full · Loan `2053938502`
## Borrower
- **Name:** MCLANE RESEARCH LABORATORIES INC.
- **Address:** 121 Bernard E Saint Jean, East Falmouth, MA, 02536-4444
- **NAICS:** 334519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $405K
- **Initial approval:** $405K
- **Forgiven:** $410K (101%)
- **Forgiveness date:** 05/12/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $405K
- **Utilities:** $1
- **Jobs reported:** 20
## Lender
- **Originating:** Itria Ventures LLC
- **Servicing:** Itria Ventures LLC (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*