# PPP loan: CRAB HOUSE OF OCEAN CITY INC
> **$558K** approved 01/23/2021 · Paid in Full · Loan `4456838304`
## Borrower
- **Name:** CRAB HOUSE OF OCEAN CITY INC
- **Address:** 3102 Philadelphia Ave, Ocean City, MD, 21842-3566
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $558K
- **Initial approval:** $558K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 12/16/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $558K
- **Utilities:** $1
- **Jobs reported:** 30
## Lender
- **Originating:** Shore United Bank, National Association
- **Servicing:** Shore United Bank, National Association (MD)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*