# PPP loan: COLBY INSURANCE GROUP, INC.
> **$319K** approved 04/08/2020 · Paid in Full · Loan `8726977009`
## Borrower
- **Name:** COLBY INSURANCE GROUP, INC.
- **Address:** 276 NEWPORT RD Suite 211, NEW LONDON, NH, 03257-5421
- **NAICS:** 524210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $319K
- **Initial approval:** $319K
- **Forgiven:** $323K (101%)
- **Forgiveness date:** 06/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $240K
- **Mortgage interest:** $27K
- **Utilities:** $27K
- **Health care:** $27K
- **Jobs reported:** 27
## Lender
- **Originating:** Connecticut Community Bank, National Association
- **Servicing:** Connecticut Community Bank, National Association (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*