# PPP loan: MAL'S AUTO & TRUCK REPAIR INC.
> **$280K** approved 04/14/2020 · Paid in Full · Loan `5962097101`
## Borrower
- **Name:** MAL'S AUTO & TRUCK REPAIR INC.
- **Address:** 586 PO BOX 6 Center Road, OLD SAYBROOK, CT, 06475-0586
- **NAICS:** 811111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $280K
- **Initial approval:** $280K
- **Forgiven:** $283K (101%)
- **Forgiveness date:** 07/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $224K
- **Rent:** $43K
- **Utilities:** $8K
- **Debt interest:** $5K
- **Jobs reported:** 28
## Lender
- **Originating:** Essex Savings Bank
- **Servicing:** Essex Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*