# PPP loan: KARAS MOTORS INC.
> **$156K** approved 04/05/2020 · Paid in Full · Loan `5153007009`
## Borrower
- **Name:** KARAS MOTORS INC.
- **Address:** 19 COOLIDGE AVE, WATERBURY, CT, 06708-2201
- **NAICS:** 488410
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $156K
- **Initial approval:** $156K
- **Forgiven:** $157K (101%)
- **Forgiveness date:** 11/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $156K
- **Jobs reported:** 13
## Lender
- **Originating:** Thomaston Savings Bank
- **Servicing:** Thomaston Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*