# PPP loan: ECONOMY PAVING CO., INC.
> **$2.42M** approved 04/28/2020 · Paid in Full · Loan `1159577302`
## Borrower
- **Name:** ECONOMY PAVING CO., INC.
- **Address:** 1819 NYS Rt. 13, CORTLAND, NY, 13045
- **NAICS:** 237310
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.42M
- **Initial approval:** $2.42M
- **Forgiven:** $2.46M (101%)
- **Forgiveness date:** 10/05/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.42M
- **Jobs reported:** 203
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*