# PPP loan: RHODE ISLAND NOVELTY, INC.
> **$2.63M** approved 04/27/2020 · Paid in Full · Loan `4424517203`
## Borrower
- **Name:** RHODE ISLAND NOVELTY, INC.
- **Address:** 350 COMMERCE DR, FALL RIVER, MA, 02720
- **NAICS:** 423920
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.63M
- **Initial approval:** $2.63M
- **Forgiven:** $2.66M (101%)
- **Forgiveness date:** 06/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.63M
- **Jobs reported:** 190
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*