# PPP loan: AGAVE RESTAURANT, INC.
> **$280K** approved 04/11/2020 · Paid in Full · Loan `3158557108`
## Borrower
- **Name:** AGAVE RESTAURANT, INC.
- **Address:** 50 STATE ST, NEWBURYPORT, MA, 01950-6610
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $283K (101%)
- **Forgiveness date:** 01/06/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $280K
- **Jobs reported:** 65
## Lender
- **Originating:** Newburyport Five Cents Savings Bank
- **Servicing:** Newburyport Five Cents Savings Bank (MA)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*