# PPP loan: EMPIRE CITY IRON WORKS
> **$2.42M** approved 04/13/2020 · Paid in Full · Loan `5291087107`
## Borrower
- **Name:** EMPIRE CITY IRON WORKS
- **Address:** 10-37 46th Rd, LONG ISLAND CITY, NY, 11101-1006
- **NAICS:** 332323
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.42M
- **Initial approval:** $2.42M
- **Forgiven:** $2.45M (101%)
- **Forgiveness date:** 06/11/2021
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $2.35M
- **Mortgage interest:** $16K
- **Utilities:** $25K
- **Health care:** $29K
- **Jobs reported:** 83
## 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*