# PPP loan: LOBSTER TRAP CO INC
> **$497K** approved 02/04/2021 · Paid in Full · Loan `2801878406`
## Borrower
- **Name:** LOBSTER TRAP CO INC
- **Address:** 290 Shore Rd, Bourne, MA, 02532-4104
- **NAICS:** 424460
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $497K
- **Initial approval:** $497K
- **Forgiven:** $501K (101%)
- **Forgiveness date:** 12/02/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $497K
- **Utilities:** $1
- **Jobs reported:** 46
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*