# PPP loan: SHIPMAN'S FIRE EQUIPMENT COMPANY, INC
> **$559K** approved 04/14/2020 · Paid in Full · Loan `6685827101`
## Borrower
- **Name:** SHIPMAN'S FIRE EQUIPMENT COMPANY, INC
- **Address:** 172 CROSS RD, WATERFORD, CT, 06385-1215
- **NAICS:** 423850
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $559K
- **Initial approval:** $559K
- **Forgiven:** $563K (101%)
- **Forgiveness date:** 11/27/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $447K
- **Rent:** $56K
- **Utilities:** $56K
- **Jobs reported:** 40
## 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*