# PPP loan: NIAGARA TRANSFORMER CORP
> **$1.10M** approved 04/13/2020 · Paid in Full · Loan `4830347108`
## Borrower
- **Name:** NIAGARA TRANSFORMER CORP
- **Address:** 1755 DALE RD, BUFFALO, NY, 14225-4915
- **NAICS:** 335311
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $1.10M
- **Initial approval:** $1.10M
- **Forgiven:** $1.11M (100%)
- **Forgiveness date:** 11/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $969K
- **Mortgage interest:** $34K
- **Utilities:** $30K
- **Health care:** $70K
- **Jobs reported:** 95
## 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*