# PPP loan: VALENTI VW-SUZUKI, INC.
> **$513K** approved 04/08/2020 · Paid in Full · Loan `8779897002`
## Borrower
- **Name:** VALENTI VW-SUZUKI, INC.
- **Address:** 319 MIDDLESEX TPKE, OLD SAYBROOK, CT, 06475-4209
- **NAICS:** 441110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $513K
- **Initial approval:** $513K
- **Forgiven:** $517K (101%)
- **Forgiveness date:** 12/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $411K
- **Rent:** $51K
- **Utilities:** $51K
- **Jobs reported:** 42
## 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*