BRATTLEBORO RETREAT
PPP Loan approved Apr 17, 2021 through The Brattleboro Savings & Loan Association
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $7,804,892.00 | 100.0% |
| Utilities | $1.00 | 0.0% |
About This Loan
BRATTLEBORO RETREAT received a PPP loan of $7,804,895 approved on Apr 17, 2021. The loan was originated by The Brattleboro Savings & Loan Association.
BRATTLEBORO RETREAT is a 501(c)3 � non profit located in BRATTLEBORO, Vermont. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Psychiatric and Substance Abuse Hospitals industry (NAICS 622210), part of the Health Care and Social Assistance sector of the economy. The applicant reported 469 jobs as retained through this loan.
The SBA forgave $7,836,548.19 of this loan — 100.4% of the total approved amount, with forgiveness recorded on Sep 16, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $7,804,892 to payroll, $1 to utilities. The payroll component represents 100.0% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Vermont, visit the Vermont page. To compare this loan with others in the same industry, see the Psychiatric and Substance Abuse Hospitals industry page.