# PPP loan: RICHARDS MACHINE TOOL CO INC
> **$250K** approved 04/30/2020 · Paid in Full · Loan `4655977307`
## Borrower
- **Name:** RICHARDS MACHINE TOOL CO INC
- **Address:** 187 STAMM RD, NEWINGTON, CT, 06111-3619
- **NAICS:** 332999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $250K
- **Initial approval:** $250K
- **Forgiven:** $252K (101%)
- **Forgiveness date:** 03/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $250K
- **Jobs reported:** 17
## Lender
- **Originating:** Bank of America, National Association
- **Servicing:** Bank of America, National Association (NC)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*