# PPP loan: CARRIAGE HOUSE OF NEW LONDON, INC
> **$657K** approved 04/11/2020 · Paid in Full · Loan `2947777102`
## Borrower
- **Name:** CARRIAGE HOUSE OF NEW LONDON, INC
- **Address:** 488 COLMAN ST, NEW LONDON, CT, 06320-3739
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $657K
- **Initial approval:** $657K
- **Forgiven:** $662K (101%)
- **Forgiveness date:** 01/08/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $526K
- **Mortgage interest:** $66K
- **Utilities:** $66K
- **Jobs reported:** 52
## 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*