# PPP loan: RESERVE CHUTE INC.
> **$570K** approved 02/04/2021 · Paid in Full · Loan `3138728404`
## Borrower
- **Name:** RESERVE CHUTE INC.
- **Address:** 11 Kittle Rd, Chappaqua, NY, 10514-1806
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $570K
- **Initial approval:** $570K
- **Forgiven:** $575K (101%)
- **Forgiveness date:** 01/18/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $570K
- **Utilities:** $1
- **Jobs reported:** 39
## Lender
- **Originating:** Tompkins Mahopac Bank, A Branch of Tompkins Community Bank
- **Servicing:** Tompkins Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*