# PPP loan: SMITHFIELD PEAT CO., INC.
> **$251K** approved 04/04/2020 · Paid in Full · Loan `4989767009`
## Borrower
- **Name:** SMITHFIELD PEAT CO., INC.
- **Address:** 295 WASHINGTON HWY, SMITHFIELD, RI, 02917-1907
- **NAICS:** 339999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $251K
- **Initial approval:** $251K
- **Forgiven:** $253K (101%)
- **Forgiveness date:** 03/22/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $251K
- **Jobs reported:** 14
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*