# PPP loan: PORTER AND CHESTER INSTITUTE, INC
> **$5.54M** approved 04/13/2020 · Paid in Full · Loan `5288127105`
## Borrower
- **Name:** PORTER AND CHESTER INSTITUTE, INC
- **Address:** 30 Waterchase Drive, Rocky Hill, CT, 06067
- **NAICS:** 611519
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $5.54M
- **Initial approval:** $5.54M
- **Forgiven:** $5.60M (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $5.54M
- **Jobs reported:** 500
## Lender
- **Originating:** Nutmeg State Financial Credit Union
- **Servicing:** Nutmeg State Financial Credit Union (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*