# PPP loan: 49 MELCHER STREET HOLDINGS LLC
> **$342K** approved 04/04/2020 · Exemption 4 · Loan `4942897005`
## Borrower
- **Name:** 49 MELCHER STREET HOLDINGS LLC
- **Address:** 49 Melcher St., BOSTON, MA, 02110
- **NAICS:** 722511
- **Business type:** Limited Liability Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $342K
- **Initial approval:** $411K
- **Forgiven:** $17K (5%)
- **Forgiveness date:** 05/07/2021
- **Status:** Exemption 4
- **Term:** 24 months
## Use of funds
- **Payroll:** $342K
- **Jobs reported:** 37
## Lender
- **Originating:** BankNewport
- **Servicing:** BankNewport (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*