# PPP loan: NORTHEAST PROPERTY GROUP INC
> **$314K** approved 04/15/2020 · Paid in Full · Loan `1022387205`
## Borrower
- **Name:** NORTHEAST PROPERTY GROUP INC
- **Address:** 150 Eugene O'Neil Dr, NEW LONDON, CT, 06320-6402
- **NAICS:** 531120
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $314K
- **Initial approval:** $314K
- **Forgiven:** $317K (101%)
- **Forgiveness date:** 03/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $236K
- **Mortgage interest:** $39K
- **Utilities:** $39K
- **Jobs reported:** 29
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*