# PPP loan: GRAPHIC EQUIPMENT CORP.
> **$850K** approved 04/15/2020 · Paid in Full · Loan `1354437203`
## Borrower
- **Name:** GRAPHIC EQUIPMENT CORP.
- **Address:** 55 Wester Avenue, Metuchen, NJ, 08840
- **NAICS:** 333914
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $850K
- **Initial approval:** $850K
- **Forgiven:** $857K (101%)
- **Forgiveness date:** 01/19/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $800K
- **Health care:** $50K
- **Jobs reported:** 57
## 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*