# PPP loan: THE WELLSPRING GROUP INC
> **$261K** approved 02/01/2021 · Paid in Full · Loan `1418068402`
## Borrower
- **Name:** THE WELLSPRING GROUP INC
- **Address:** 4 Research Dr Ste 402, Shelton, CT, 06484-6242
- **NAICS:** 519190
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $261K
- **Initial approval:** $261K
- **Forgiven:** $266K (102%)
- **Forgiveness date:** 01/11/2023
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $261K
- **Jobs reported:** 12
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*