# PPP loan: GRIFFCO VALVE, INC
> **$190K** approved 04/15/2020 · Paid in Full · Loan `1256057203`
## Borrower
- **Name:** GRIFFCO VALVE, INC
- **Address:** 188 Creekside Drive, Amherst, NY, 14228
- **NAICS:** 423810
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $190K
- **Initial approval:** $190K
- **Forgiven:** $191K (101%)
- **Forgiveness date:** 02/03/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $162K
- **Rent:** $13K
- **Utilities:** $5K
- **Health care:** $10K
- **Debt interest:** $502
- **Jobs reported:** 11
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*