# PPP loan: REYNOLDS GARAGE & MARINE INC.
> **$651K** approved 04/13/2020 · Paid in Full · Loan `5039557104`
## Borrower
- **Name:** REYNOLDS GARAGE & MARINE INC.
- **Address:** 264 Hamburg Road, OLD LYME, CT, 06371-3421
- **NAICS:** 811198
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $651K
- **Initial approval:** $651K
- **Forgiven:** $656K (101%)
- **Forgiveness date:** 01/20/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $491K
- **Rent:** $125K
- **Utilities:** $2K
- **Health care:** $30K
- **Debt interest:** $3K
- **Jobs reported:** 50
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*