# PPP loan: PAVERITE, INC.
> **$213K** approved 04/15/2020 · Paid in Full · Loan `1691857201`
## Borrower
- **Name:** PAVERITE, INC.
- **Address:** 10423 STODDARD RD, COPENHAGEN, NY, 13626-2809
- **NAICS:** 238990
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $213K
- **Initial approval:** $213K
- **Forgiven:** $215K (101%)
- **Forgiveness date:** 01/27/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $171K
- **Utilities:** $43K
- **Jobs reported:** 31
## Lender
- **Originating:** Watertown Savings Bank
- **Servicing:** Watertown Savings Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*