# PPP loan: CHARTER OAK FINANCIAL INC
> **$1.18M** approved 04/07/2020 · Paid in Full · Loan `6778917005`
## Borrower
- **Name:** CHARTER OAK FINANCIAL INC
- **Address:** 330 WHITNEY AVE SUITE 600, HOLYOKE, MA, 01040-2659
- **NAICS:** 523930
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.18M
- **Initial approval:** $1.18M
- **Forgiven:** $1.19M (101%)
- **Forgiveness date:** 02/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Jobs reported:** 72
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*