# PPP loan: TOYOTA OF COLCHESTER
> **$409K** approved 04/11/2020 · Paid in Full · Loan `3031917101`
## Borrower
- **Name:** TOYOTA OF COLCHESTER
- **Address:** 100 OLD HARTFORD RD, COLCHESTER, CT, 06415-2736
- **NAICS:** 441110
- **Business type:** Partnership
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $409K
- **Initial approval:** $409K
- **Forgiven:** $414K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $327K
- **Rent:** $41K
- **Utilities:** $41K
- **Jobs reported:** 42
## 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*