# PPP loan: AMERICAN RING CO., INC.
> **$274K** approved 04/07/2020 · Paid in Full · Loan `7000997000`
## Borrower
- **Name:** AMERICAN RING CO., INC.
- **Address:** 19 Grosvenor Avenue, EAST PROVIDENCE, RI, 02914-4527
- **NAICS:** 339910
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $274K
- **Initial approval:** $274K
- **Forgiven:** $277K (101%)
- **Forgiveness date:** 06/24/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $274K
- **Jobs reported:** 30
## 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*