# PPP loan: NEW ENGLAND SCIENCE & SAILING FOUNDATION INC.
> **$371K** approved 01/23/2021 · Paid in Full · Loan `4854138301`
## Borrower
- **Name:** NEW ENGLAND SCIENCE & SAILING FOUNDATION INC.
- **Address:** 72 Water St, Stonington, CT, 06378-1423
- **NAICS:** 611710
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $371K
- **Initial approval:** $371K
- **Forgiven:** $372K (100%)
- **Forgiveness date:** 07/07/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $371K
- **Utilities:** $1
- **Jobs reported:** 36
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*