# PPP loan: J HUTCHINS INC
> **$1.62M** approved 04/04/2020 · Paid in Full · Loan `4969247009`
## Borrower
- **Name:** J HUTCHINS INC
- **Address:** 88 Rodgers Lane, RICHMOND, VT, 05477-7748
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.62M
- **Initial approval:** $1.62M
- **Forgiven:** $1.63M (101%)
- **Forgiveness date:** 02/12/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.54M
- **Rent:** $51K
- **Utilities:** $27K
- **Jobs reported:** 71
## Lender
- **Originating:** Simmons Bank
- **Servicing:** Simmons Bank (AR)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*