# PPP loan: RESERVE CHUTE, INC.
> **$376K** approved 04/06/2020 · Paid in Full · Loan `5988067003`
## Borrower
- **Name:** RESERVE CHUTE, INC.
- **Address:** 11 KITTLE ROAD, CHAPPAQUA, NY, 10514-1800
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $376K
- **Initial approval:** $376K
- **Forgiven:** $380K (101%)
- **Forgiveness date:** 04/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $376K
- **Jobs reported:** 38
## Lender
- **Originating:** Tompkins Mahopac Bank, A Branch of Tompkins Community Bank
- **Servicing:** Tompkins Community Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*