# PPP loan: PHARMACAL RESEARCH LABORATORIES, INC
> **$421K** approved 05/27/2020 · Paid in Full · Loan `3992067802`
## Borrower
- **Name:** PHARMACAL RESEARCH LABORATORIES, INC
- **Address:** 562 Captain Neville Drive, WATERBURY, CT, 06705-3857
- **NAICS:** 325998
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $421K
- **Initial approval:** $421K
- **Forgiven:** $424K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $37K
- **Utilities:** $16K
- **Health care:** $48K
- **Jobs reported:** 28
## Lender
- **Originating:** General Electric Empl FCU
- **Servicing:** General Electric Empl FCU (CT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*