# PPP loan: MCGRATH CLAMBAKES LLC
> **$451K** approved 03/20/2021 · Paid in Full · Loan `5960498607`
## Borrower
- **Name:** MCGRATH CLAMBAKES LLC
- **Address:** 64 Halsey St Unit 5, Newport, RI, 02840-1347
- **NAICS:** 722320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $451K
- **Initial approval:** $451K
- **Forgiven:** $454K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $451K
- **Utilities:** $1
- **Jobs reported:** 16
## Lender
- **Originating:** Westerly Community CU
- **Servicing:** Westerly Community CU (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*