# PPP loan: AVERY ABRASIVES, INC.
> **$248K** approved 06/16/2020 · Paid in Full · Loan `6320477906`
## Borrower
- **Name:** AVERY ABRASIVES, INC.
- **Address:** 2225 RESERVOIR AVE, TRUMBULL, CT, 06611-4743
- **NAICS:** 327910
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $248K
- **Initial approval:** $248K
- **Forgiven:** $250K (101%)
- **Forgiveness date:** 04/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $248K
- **Jobs reported:** 21
## Lender
- **Originating:** Newtown Savings Bank
- **Servicing:** Newtown Savings Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*