85 ELLIS ISLAND, LLC (MA) - 2020 PPP Loan Borrower Profile (# 5238127009)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 85 ELLIS ISLAND, LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Massachusetts.

Loan Detail

Loan Number

5238127009

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$157,700

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$158,619.47

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

140,000

Rent Proceed

11,700

Lender

The Cape Cod Five Cents Savings Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

722511

Borrower Location

NANTUCKET, MA

Project Location

NANTUCKET, MA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.