# PPP loan: MALONE PADDLE GEAR LLC
> **$263K** approved 04/04/2020 · Paid in Full · Loan `4684187000`
## Borrower
- **Name:** MALONE PADDLE GEAR LLC
- **Address:** 81 COUNTY RD, Suite 1, WESTBROOK, ME, 04092-3827
- **NAICS:** 423910
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $263K
- **Initial approval:** $263K
- **Forgiven:** $264K (101%)
- **Forgiveness date:** 11/05/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $197K
- **Mortgage interest:** $33K
- **Utilities:** $33K
- **Jobs reported:** 22
## Lender
- **Originating:** Katahdin Trust Co.
- **Servicing:** Katahdin Trust Co. (ME)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*