Date Approved
03/20/2021
SBA Office Code
0165
Processing Method
PPS
Borrower Name
MCGRATH CLAMBAKES LLC
Borrower Address
64 Halsey St Unit 5
Borrower City
Newport
Borrower State
RI
Borrower Zip
02840-1347
Loan Status Date
01/06/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
450665.25
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
104829
Servicing Lender Name
Westerly Community CU
Servicing Lender Address
122 Granite St
Servicing Lender City
WESTERLY
Servicing Lender State
Servicing Lender Zip
02891-2435
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
NEWPORT
Project State
Project Zip
CD
RI-01
Jobs Reported
16
NAICS Code
722320
Race
White
Ethnicity
Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
450659.25
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
454184.14
Forgiveness Date
01/03/2022