# PPP loan: HANOVER TERMINAL INC
> **$566K** approved 04/15/2020 · Paid in Full · Loan `1338707201`
## Borrower
- **Name:** HANOVER TERMINAL INC
- **Address:** 201 Center Street, Hanover, PA, 17331
- **NAICS:** 493110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $566K
- **Initial approval:** $566K
- **Forgiven:** $574K (101%)
- **Forgiveness date:** 07/29/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $420K
- **Rent:** $126K
- **Health care:** $20K
- **Jobs reported:** 88
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*