# PPP loan: MACO BAG CORPORATION
> **$1.34M** approved 04/10/2020 · Paid in Full · Loan `1982037104`
## Borrower
- **Name:** MACO BAG CORPORATION
- **Address:** 412 VAN BUREN ST, NEWARK, NY, 14513-9205
- **NAICS:** 326199
- **Business type:** Employee Stock Ownership Plan(ESOP)
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.34M
- **Initial approval:** $1.34M
- **Forgiven:** $1.35M (101%)
- **Forgiveness date:** 12/17/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $1.34M
- **Jobs reported:** 176
## Lender
- **Originating:** The Lyons National Bank
- **Servicing:** The Lyons National Bank (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*