# PPP loan: SLM SERVICES, INC.
> **$269K** approved 04/28/2020 · Paid in Full · Loan `7225537210`
## Borrower
- **Name:** SLM SERVICES, INC.
- **Address:** 255 HATHAWAY DR Unit 1, STRATFORD, CT, 06615-7370
- **NAICS:** 561730
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $269K
- **Initial approval:** $269K
- **Forgiven:** $272K (101%)
- **Forgiveness date:** 02/04/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $216K
- **Mortgage interest:** $27K
- **Utilities:** $27K
- **Jobs reported:** 24
## Lender
- **Originating:** Chelsea Groton Bank
- **Servicing:** Chelsea Groton Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*