# PPP loan: FIVE FATHOMS INC.
> **$198K** approved 03/23/2021 · Paid in Full · Loan `6408528604`
## Borrower
- **Name:** FIVE FATHOMS INC.
- **Address:** 10 Rabbit Run, Cape May, NJ, 08204-4423
- **NAICS:** 114119
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $198K
- **Initial approval:** $198K
- **Forgiven:** $200K (101%)
- **Forgiveness date:** 11/05/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $198K
- **Utilities:** $1
- **Jobs reported:** 18
## Lender
- **Originating:** Century Savings Bank
- **Servicing:** Century Savings Bank (NJ)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*