# PPP loan: THE FRASSATI RESIDENCE
> **$498K** approved 04/28/2020 · Paid in Full · Loan `6879847203`
## Borrower
- **Name:** THE FRASSATI RESIDENCE
- **Address:** 400 MENDON RD, NORTH SMITHFIELD, RI, 02896-6987
- **NAICS:** 813110
- **Business type:** Non-Profit Organization
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $498K
- **Initial approval:** $498K
- **Forgiven:** $505K (101%)
- **Forgiveness date:** 08/30/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $498K
- **Jobs reported:** 59
## Lender
- **Originating:** The Washington Trust Company of Westerly
- **Servicing:** The Washington Trust Company of Westerly (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*