# PPP loan: STC CONSTRUCTION, INC.
> **$370K** approved 04/28/2020 · Paid in Full · Loan `1615337305`
## Borrower
- **Name:** STC CONSTRUCTION, INC.
- **Address:** 63 Zoar Valley Road, Springville, NY, 14141
- **NAICS:** 237990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $370K
- **Initial approval:** $370K
- **Forgiven:** $372K (101%)
- **Forgiveness date:** 12/31/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $340K
- **Rent:** $13K
- **Utilities:** $1K
- **Health care:** $16K
- **Jobs reported:** 22
## 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*