# PPP loan: FAY LAW ASSOCIATES, INC
> **$322K** approved 04/07/2020 · Paid in Full · Loan `6882777000`
## Borrower
- **Name:** FAY LAW ASSOCIATES, INC
- **Address:** 917 RESERVOIR AVE, CRANSTON, RI, 02910-4436
- **NAICS:** 541110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $322K
- **Initial approval:** $243K
- **Forgiven:** $325K (101%)
- **Forgiveness date:** 03/25/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $322K
- **Jobs reported:** 23
## Lender
- **Originating:** Bank Rhode Island
- **Servicing:** Bank Rhode Island (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*