# PPP loan: ALLIED INDUSTRIAL GROUP INC
> **$322K** approved 04/05/2020 · Paid in Full · Loan `5291517007`
## Borrower
- **Name:** ALLIED INDUSTRIAL GROUP INC
- **Address:** 56 Freeway Drive, CRANSTON, RI, 02920-7936
- **NAICS:** 339112
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $322K
- **Forgiven:** $324K (101%)
- **Forgiveness date:** 12/28/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $242K
- **Mortgage interest:** $70K
- **Utilities:** $10K
- **Jobs reported:** 21
## Lender
- **Originating:** Centreville Bank
- **Servicing:** Centreville Bank (RI)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*