# PPP loan: SHMAGELS BAGELS, INC
> **$240K** approved 05/05/2020 · Exemption 4 · Loan `2292107403`
## Borrower
- **Name:** SHMAGELS BAGELS, INC
- **Address:** 12907 Coastal Hwy, Ocean City, MD, 21842
- **NAICS:** 722513
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Unanswered
## Loan
- **Approval amount:** $240K
- **Initial approval:** $240K
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Jobs reported:** 13
## Lender
- **Originating:** Cross River Bank
- **Servicing:** Cross River Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*