# PPP loan: 85 ELLIS ISLAND, LLC
> **$158K** approved 04/05/2020 · Paid in Full · Loan `5238127009`
## Borrower
- **Name:** 85 ELLIS ISLAND, LLC
- **Address:** 17 OLD SOUTH RD, NANTUCKET, MA, 02554-6065
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $158K
- **Initial approval:** $158K
- **Forgiven:** $159K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $140K
- **Rent:** $12K
- **Utilities:** $6K
- **Jobs reported:** 25
## Lender
- **Originating:** The Cape Cod Five Cents Savings Bank
- **Servicing:** The Cape Cod Five Cents Savings Bank (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*