# PPP loan: R. T. STEARNS, INC.
> **$225K** approved 04/10/2020 · Exemption 4 · Loan `2156167100`
## Borrower
- **Name:** R. T. STEARNS, INC.
- **Address:** 70 HERITAGE AVE UNIT 8, PORTSMOUTH, NH, 03801-5611
- **NAICS:** 423830
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $225K
- **Initial approval:** $225K
- **Forgiven:** $145K (65%)
- **Forgiveness date:** 07/13/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $225K
- **Jobs reported:** 6
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*