# PPP loan: ARMA CONTAINER CORP.
> **$1.46M** approved 04/15/2020 · Paid in Full · Loan `1471597204`
## Borrower
- **Name:** ARMA CONTAINER CORP.
- **Address:** 65 North Industry Court, Deer Park, NY, 11729
- **NAICS:** 322211
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.46M
- **Initial approval:** $1.46M
- **Forgiven:** $1.47M (101%)
- **Forgiveness date:** 11/12/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.18M
- **Rent:** $69K
- **Utilities:** $50K
- **Health care:** $112K
- **Debt interest:** $45K
- **Jobs reported:** 130
## 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*