# PPP loan: THE ELMS RETIREMENT RESIDENCE INC.
> **$321K** approved 04/04/2020 · Paid in Full · Loan `4873947002`
## Borrower
- **Name:** THE ELMS RETIREMENT RESIDENCE INC.
- **Address:** 22 ELM ST, WESTERLY, RI, 02891-2143
- **NAICS:** 623312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $321K
- **Initial approval:** $321K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 12/07/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $321K
- **Jobs reported:** 50
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*