GAROFALO AND ASSOCIATES INC (RI) - 2020 PPP Loan Borrower Profile (# 2438038308)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to GAROFALO AND ASSOCIATES INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Rhode Island.

Loan Detail

Loan Number

2438038308

SBA Office Code

0165

Processing Method

PPS

Curent Loan Amount

$356,868.35

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$358,841.04

Date Loan was Forgiven

Aug 19, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

356,866.35

Lender

Bank Rhode Island

Business Detail

Business Type

Subchapter S Corporation

NAICS

541330

Borrower Location

Providence, RI

Project Location

Providence, RI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.