# PPP loan: WILLIAM BETZ JR INC
> **$285K** approved 04/16/2020 · Paid in Full · Loan `2819887204`
## Borrower
- **Name:** WILLIAM BETZ JR INC
- **Address:** 2826 Frankford Avenue, Philadelphia, PA, 19134
- **NAICS:** 423720
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $285K
- **Initial approval:** $285K
- **Forgiven:** $288K (101%)
- **Forgiveness date:** 07/21/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $247K
- **Rent:** $24K
- **Utilities:** $5K
- **Health care:** $9K
- **Jobs reported:** 19
## Lender
- **Originating:** Manufacturers and Traders Trust Company
- **Servicing:** Manufacturers and Traders Trust Company (NY)
---
*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*