# PPP loan: THE MATCO GROUP, INC.
> **$276K** approved 04/10/2020 · Paid in Full · Loan `1760437100`
## Borrower
- **Name:** THE MATCO GROUP, INC.
- **Address:** 320 North Jensen Road, VESTAL, NY, 13850-2111
- **NAICS:** 221118
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $276K
- **Initial approval:** $276K
- **Forgiven:** $279K (101%)
- **Forgiveness date:** 06/28/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $207K
- **Rent:** $34K
- **Utilities:** $34K
- **Jobs reported:** 14
## Lender
- **Originating:** NBT Bank, National Association
- **Servicing:** NBT Bank, National Association (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*