# PPP loan: ELCO PAINTING INC
> **$387K** approved 01/28/2021 · Paid in Full · Loan `7260588303`
## Borrower
- **Name:** ELCO PAINTING INC
- **Address:** 290 Smith St, North Kingstown, RI, 02852-7723
- **NAICS:** 238320
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $387K
- **Initial approval:** $387K
- **Forgiven:** $391K (101%)
- **Forgiveness date:** 01/19/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $387K
- **Utilities:** $1
- **Jobs reported:** 54
## 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*