# PPP loan: ALCRAFT INC-SBA SMALL 7A TERM
> **$301K** approved 05/01/2020 · Exemption 4 · Loan `4309177703`
## Borrower
- **Name:** ALCRAFT INC-SBA SMALL 7A TERM
- **Address:** 605 Washington Ave, North Haven, CT, 06473
- **NAICS:** —
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $301K
- **Initial approval:** $301K
- **Forgiven:** $268K (89%)
- **Forgiveness date:** 09/17/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $301K
- **Jobs reported:** 20
## Lender
- **Originating:** TD Bank, National Association
- **Servicing:** TD Bank, National Association (DE)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*