# PPP loan: CAR SERVICE INC.
> **$933K** approved 04/11/2020 · Paid in Full · Loan `2931487104`
## Borrower
- **Name:** CAR SERVICE INC.
- **Address:** 543 COLMAN ST, NEW LONDON, CT, 06320-2601
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $933K
- **Initial approval:** $933K
- **Forgiven:** $945K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $747K
- **Rent:** $93K
- **Utilities:** $93K
- **Jobs reported:** 89
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*