# PPP loan: AQUACULTURAL RESEARCH CENTER
> **$253K** approved 04/05/2020 · Paid in Full · Loan `5513847008`
## Borrower
- **Name:** AQUACULTURAL RESEARCH CENTER
- **Address:** 99 CHAPIN BEACH ROAD, DENNIS, MA, 02638
- **NAICS:** 112519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $253K
- **Initial approval:** $253K
- **Forgiven:** $255K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $183K
- **Rent:** $18K
- **Mortgage interest:** $8K
- **Utilities:** $44K
- **Jobs reported:** 24
## 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*