# PPP loan: RHODE ISLAND ENGINE CO., INC
> **$287K** approved 04/07/2020 · Paid in Full · Loan `6944977008`
## Borrower
- **Name:** RHODE ISLAND ENGINE CO., INC
- **Address:** 79 STATE ST, NARRAGANSETT, RI, 02882-5712
- **NAICS:** 811310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $287K
- **Initial approval:** $287K
- **Forgiven:** $289K (101%)
- **Forgiveness date:** 02/02/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $287K
- **Jobs reported:** 23
## 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*