# PPP loan: AVERY ABRASIVES INC.
> **$220K** approved 02/02/2021 · Paid in Full · Loan `1492188401`
## Borrower
- **Name:** AVERY ABRASIVES INC.
- **Address:** 2225 Reservoir Ave, Trumbull, CT, 06611-4765
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $220K
- **Initial approval:** $220K
- **Forgiven:** $222K (101%)
- **Forgiveness date:** 12/08/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $220K
- **Utilities:** $1
- **Jobs reported:** 17
## Lender
- **Originating:** Newtown Savings Bank
- **Servicing:** Newtown Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*