# PPP loan: CROWN COFFEE SERVICE INC.
> **$258K** approved 01/21/2021 · Paid in Full · Loan `2542818306`
## Borrower
- **Name:** CROWN COFFEE SERVICE INC.
- **Address:** 50 New Salem St, Wakefield, MA, 01880-1979
- **NAICS:** 722310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $258K
- **Initial approval:** $258K
- **Forgiven:** $259K (101%)
- **Forgiveness date:** 10/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $258K
- **Utilities:** $1
- **Jobs reported:** 10
## Lender
- **Originating:** East Cambridge Savings Bank
- **Servicing:** East Cambridge Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*