# PPP loan: RHODE ISLAND CLAM, INC.
> **$255K** approved 04/27/2020 · Exemption 4 · Loan `3662347201`
## Borrower
- **Name:** RHODE ISLAND CLAM, INC.
- **Address:** 7 Water Street, East Greenwich, RI, 02818
- **NAICS:** 424460
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $255K
- **Initial approval:** $255K
- **Forgiven:** $54K (21%)
- **Forgiveness date:** 06/07/2022
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $255K
- **Jobs reported:** 6
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*