# PPP loan: SEA RESEARCH FOUNDATION, INC.
> **$1.95M** approved 04/09/2020 · Paid in Full · Loan `9962667006`
## Borrower
- **Name:** SEA RESEARCH FOUNDATION, INC.
- **Address:** 55 COOGAN BLVD, MYSTIC, CT, 06355-1927
- **NAICS:** 712130
- **Business type:** Non-Profit Organization
- **Business age:** Change of Ownership
## Loan
- **Approval amount:** $1.95M
- **Initial approval:** $1.95M
- **Forgiven:** $1.98M (101%)
- **Forgiveness date:** 07/16/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.56M
- **Rent:** $195K
- **Utilities:** $195K
- **Jobs reported:** 246
## 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*