# PPP loan: TURNPIKE MOTORS, INC.
> **$561K** approved 04/07/2020 · Paid in Full · Loan `7123467005`
## Borrower
- **Name:** TURNPIKE MOTORS, INC.
- **Address:** 2550 BERLIN TPKE, NEWINGTON, CT, 06111-4110
- **NAICS:** 811121
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $561K
- **Initial approval:** $561K
- **Forgiven:** $566K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $561K
- **Jobs reported:** 29
## 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*