# PPP loan: FORMEX INC.
> **$228K** approved 01/20/2021 · Paid in Full · Loan `2297528308`
## Borrower
- **Name:** FORMEX INC.
- **Address:** 3305 S County Trl, E Greenwich, RI, 02818-1477
- **NAICS:** 332710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $228K
- **Initial approval:** $228K
- **Forgiven:** $230K (101%)
- **Forgiveness date:** 04/07/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $227K
- **Utilities:** $1
- **Jobs reported:** 23
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*