# PPP loan: A.D. FORMISANO BAKERY PRODUCTS INC.
> **$296K** approved 02/23/2021 · Paid in Full · Loan `3177878504`
## Borrower
- **Name:** A.D. FORMISANO BAKERY PRODUCTS INC.
- **Address:** 660 Old Stage Rd, Saugerties, NY, 12477-4432
- **NAICS:** 311999
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $296K
- **Initial approval:** $296K
- **Forgiven:** $298K (101%)
- **Forgiveness date:** 12/14/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $296K
- **Utilities:** $1
- **Jobs reported:** 26
## 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*