# PPP loan: CANAAN DISTRIBUTORS CORP.
> **$633K** approved 04/15/2020 · Paid in Full · Loan `9708207100`
## Borrower
- **Name:** CANAAN DISTRIBUTORS CORP.
- **Address:** 20 Largo Drive, Stamford, CT, 06907
- **NAICS:** 423710
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $633K
- **Initial approval:** $633K
- **Forgiven:** $636K (101%)
- **Forgiveness date:** 11/03/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $515K
- **Rent:** $90K
- **Health care:** $28K
- **Jobs reported:** 34
## Lender
- **Originating:** Bankwell Bank
- **Servicing:** Bankwell Bank (CT)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*