# PPP loan: AMERICAN RING CO INC
> **$262K** approved 02/01/2021 · Paid in Full · Loan `1147778400`
## Borrower
- **Name:** AMERICAN RING CO INC
- **Address:** 19 Grosvenor Ave, East Providence, RI, 02914-4527
- **NAICS:** 339910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $262K
- **Initial approval:** $262K
- **Forgiven:** $265K (101%)
- **Forgiveness date:** 01/03/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $262K
- **Utilities:** $1
- **Jobs reported:** 32
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*