# PPP loan: CANNONDALE GENERATORS, INC
> **$480K** approved 04/14/2020 · Paid in Full · Loan `5950997103`
## Borrower
- **Name:** CANNONDALE GENERATORS, INC
- **Address:** 390 DANBURY RD, WILTON, CT, 06897-2510
- **NAICS:** 335312
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $480K
- **Initial approval:** $480K
- **Forgiven:** $485K (101%)
- **Forgiveness date:** 06/10/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $480K
- **Jobs reported:** 28
## Lender
- **Originating:** Webster Bank National Association
- **Servicing:** Webster Bank National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*