# PPP loan: L&M GROUP LTD
> **$524K** approved 04/13/2020 · Paid in Full · Loan `5176527102`
## Borrower
- **Name:** L&M GROUP LTD
- **Address:** 3820 Sheridan Drive, BUFFALO, NY, 14226-1723
- **NAICS:** 523930
- **Business type:** Subchapter S Corporation
- **Business age:** Unanswered
## Loan
- **Approval amount:** $524K
- **Initial approval:** $524K
- **Forgiven:** $527K (101%)
- **Forgiveness date:** 12/10/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $445K
- **Rent:** $36K
- **Mortgage interest:** $5K
- **Utilities:** $9K
- **Health care:** $29K
- **Jobs reported:** 39
## 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*