# PPP loan: ALBANY ENGINEERING CORPORATION
> **$310K** approved 04/11/2020 · Paid in Full · Loan `3042707103`
## Borrower
- **Name:** ALBANY ENGINEERING CORPORATION
- **Address:** 5 Washington Square, ALBANY, NY, 12205-5220
- **NAICS:** 221111
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $310K
- **Initial approval:** $310K
- **Forgiven:** $312K (101%)
- **Forgiveness date:** 12/15/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $204K
- **Rent:** $16K
- **Mortgage interest:** $43K
- **Health care:** $47K
- **Jobs reported:** 14
## 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*