# PPP loan: FRANKLIN PRODUCTS, INC.
> **$2.62M** approved 04/27/2020 · Paid in Full · Loan `5603997207`
## Borrower
- **Name:** FRANKLIN PRODUCTS, INC.
- **Address:** 153 WATER ST, TORRINGTON, CT, 06790-5339
- **NAICS:** 336413
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.62M
- **Initial approval:** $2.62M
- **Forgiven:** $1.87M (71%)
- **Forgiveness date:** 01/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.62M
- **Jobs reported:** 180
## Lender
- **Originating:** New Valley Bank & Trust
- **Servicing:** New Valley Bank & Trust (MA)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*