# PPP loan: GALVIN BROS., INC.
> **$722K** approved 04/15/2020 · Paid in Full · Loan `1540157206`
## Borrower
- **Name:** GALVIN BROS., INC.
- **Address:** 149 Steamboat Road, Great Neck, NY, 11024
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $722K
- **Initial approval:** $1.12M
- **Forgiven:** $730K (101%)
- **Forgiveness date:** 05/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $582K
- **Rent:** $34K
- **Utilities:** $10K
- **Health care:** $66K
- **Debt interest:** $30K
- **Jobs reported:** 25
## 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*