# PPP loan: TOWER LABORATORIES LTD
> **$2.75M** approved 04/15/2020 · Paid in Full · Loan `8330107108`
## Borrower
- **Name:** TOWER LABORATORIES LTD
- **Address:** 8 INDUSTRIAL PARK, PO BOX 306, CENTERBROOK, CT, 06409
- **NAICS:** 325412
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.75M
- **Initial approval:** $2.75M
- **Forgiven:** $2.78M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.75M
- **Jobs reported:** 213
## Lender
- **Originating:** Citizens Bank, National Association
- **Servicing:** Citizens Bank, National Association (RI)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*