# PPP loan: ALCAT INCORPORATED
> **$264K** approved 02/02/2021 · Paid in Full · Loan `1832798404`
## Borrower
- **Name:** ALCAT INCORPORATED
- **Address:** 116 W Main St, Milford, CT, 06460-3310
- **NAICS:** 332999
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $264K
- **Initial approval:** $264K
- **Forgiven:** $266K (101%)
- **Forgiveness date:** 02/17/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $264K
- **Utilities:** $1
- **Jobs reported:** 21
## Lender
- **Originating:** The Milford Bank
- **Servicing:** The Milford Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*