# PPP loan: ERIE MATERIALS INC
> **$2.99M** approved 04/13/2020 · Paid in Full · Loan `4318007101`
## Borrower
- **Name:** ERIE MATERIALS INC
- **Address:** 500 Factory Avenue, SYRACUSE, NY, 13208-1439
- **NAICS:** 423330
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.99M
- **Initial approval:** $2.99M
- **Forgiven:** $3.03M (101%)
- **Forgiveness date:** 06/09/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.50M
- **Rent:** $132K
- **Utilities:** $35K
- **Health care:** $326K
- **Jobs reported:** 192
## 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*