# PPP loan: REI-TAM, LLC
> **$177K** approved 05/14/2020 · Paid in Full · Loan `6170027403`
## Borrower
- **Name:** REI-TAM, LLC
- **Address:** 355 ROUTE 12, GROTON, CT, 06340-2947
- **NAICS:** 722511
- **Business type:** Limited  Liability Company(LLC)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $177K
- **Initial approval:** $177K
- **Forgiven:** $180K (101%)
- **Forgiveness date:** 08/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $142K
- **Rent:** $18K
- **Utilities:** $18K
- **Jobs reported:** 41
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*