# PPP loan: GATEWAY LIMOUSINE INC
> **$242K** approved 04/14/2020 · Exemption 4 · Loan `6307577101`
## Borrower
- **Name:** GATEWAY LIMOUSINE INC
- **Address:** 74 MATTATUCK HEIGHTS RD, WATERBURY, CT, 06705-3831
- **NAICS:** 485320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $242K
- **Initial approval:** $242K
- **Forgiven:** $228K (94%)
- **Forgiveness date:** 08/17/2021
- **Status:** Exemption 4
- **Term:** 60 months
## Use of funds
- **Payroll:** $242K
- **Jobs reported:** 57
## 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*