# PPP loan: TORBOT GROUP, INC.
> **$243K** approved 04/11/2020 · Paid in Full · Loan `3122917107`
## Borrower
- **Name:** TORBOT GROUP, INC.
- **Address:** 1367 ELMWOOD AVE, CRANSTON, RI, 02910-3821
- **NAICS:** 423450
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $243K
- **Initial approval:** $243K
- **Forgiven:** $245K (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $182K
- **Health care:** $61K
- **Jobs reported:** 37
## Lender
- **Originating:** Signature Bank, National Association
- **Servicing:** Signature Bank, National Association (OH)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*