# PPP loan: THE GROG SHOP INC
> **$480K** approved 04/13/2021 · Paid in Full · Loan `2741548801`
## Borrower
- **Name:** THE GROG SHOP INC
- **Address:** 13 Middle St, Newburyport, MA, 01950-2716
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $483K (101%)
- **Forgiveness date:** 12/29/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $480K
- **Utilities:** $1
- **Jobs reported:** 70
## Lender
- **Originating:** Newburyport Five Cents Savings Bank
- **Servicing:** Newburyport Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*