# PPP loan: TRANS-OCEANIC MOTORS, LTD.
> **$837K** approved 04/14/2020 · Paid in Full · Loan `6763337103`
## Borrower
- **Name:** TRANS-OCEANIC MOTORS, LTD.
- **Address:** 531 Route 12, GROTON, CT, 06340-2958
- **NAICS:** 441110
- **Business type:** Sole Proprietorship
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $837K
- **Initial approval:** $837K
- **Forgiven:** $845K (101%)
- **Forgiveness date:** 03/31/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $670K
- **Rent:** $84K
- **Utilities:** $84K
- **Jobs reported:** 57
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*