# PPP loan: 2221 TRANSIT ROAD INC.
> **$427K** approved 06/26/2020 · Paid in Full · Loan `4898118003`
## Borrower
- **Name:** 2221 TRANSIT ROAD INC.
- **Address:** 2221 Transit rd., ELMA, NY, 14059-9628
- **NAICS:** 722511
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $427K
- **Initial approval:** $427K
- **Forgiven:** $429K (101%)
- **Forgiveness date:** 02/19/2021
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $320K
- **Rent:** $70K
- **Utilities:** $37K
- **Jobs reported:** 114
## 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*