# PPP loan: THE CRAB TRAP, INC.
> **$179K** approved 04/06/2020 · Paid in Full · Loan `5894567010`
## Borrower
- **Name:** THE CRAB TRAP, INC.
- **Address:** 1209 OCEAN BLVD, SAINT SIMONS ISLAND, GA, 31522-4222
- **NAICS:** 722511
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $179K
- **Initial approval:** $179K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $143K
- **Mortgage interest:** $27K
- **Utilities:** $9K
- **Jobs reported:** 64
## Lender
- **Originating:** Thomasville National Bank
- **Servicing:** Thomasville National Bank (GA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*