# PPP loan: NEW MARTELLS WATERS EDGE INC
> **$295K** approved 01/22/2021 · Paid in Full · Loan `3573728300`
## Borrower
- **Name:** NEW MARTELLS WATERS EDGE INC
- **Address:** 308 Boardwalk, Point Pleasant Beach, NJ, 08742-3283
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $295K
- **Initial approval:** $295K
- **Forgiven:** $297K (101%)
- **Forgiveness date:** 11/17/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $295K
- **Utilities:** $1
- **Jobs reported:** 158
## Lender
- **Originating:** Manasquan Bank
- **Servicing:** Manasquan Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*